US President Donald Trump has signed a decree to create a working group that should develop new rules for regulating cryptocurrencies and investigate the possibility of forming a national stock of digital assets. About it reports Reuters on Friday, January 24.
The working group will include representatives of the Ministry of Finance, Securities and Exchanges (SEC) and commissions on commodity futures (CFTC). David Saks, a former Paypal leader and a well -known venture capitalist in the field of financial technologies and artificial intelligence will head the initiative.
- Developing a regulatory framework,
the Working Group should offer new rules for digital assets, in particular for stablcoins - cryptocurrencies tied to the US dollar. - The prohibition of digital currencies of the Central Bank
is prohibited by the creation of CBDC (digital currencies of the central bank) that could compete with private cryptocurrencies. - Improving the conditions for the crypto industry,
the decree provides for the protection of banking services for crypto companies, the simplification of accounting and the abolition of SEC restrictions, which complicated the activities of cryptocurrency enterprises. - The national cryptocurrency reserve
is planned to investigate the possibility of creating a digital asset reserve from cryptocurrencies withdrawn by law enforcement agencies.
Against the background of these news, the price of bitcoin reached a record level of $ 109 071, but later fell to $ 103,000. Experts believe that Trump initiatives can accelerate the integration of cryptocurrencies into mass circulation and create favorable conditions for the development of crypto industry.
