The United States could become the cryptocurrency capital if the executive order recently signed by Donald Trump moves forward successfully, with the help of David Sacks, an expert in AI and crypto assets.

In a statement, the White House indicated: “The growth of digital financial technology in the United States should not be hampered by restrictive regulations or unnecessary government interference.”

The legal instrument signed by Trump authorizes the creation of a task force in these disciplines, with a deadline of six months to make recommendations to the president.

On the other hand, the executive order “prohibits the establishment of a central bank digital currency (CBDC) and revokes a measure by the administration of former President Joe Biden, which suppressed innovation and undermined America’s economic freedom and global leadership in digital finance.”

M.Pino

Source: elnacional

(Reference image source: Ewan Kennedy on Unsplash)     

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La entrada Donald Trump wants to make the United States the cryptocurrency capital apareció primero en Bitfinance.

The United States approved a new legal timeline that could lead to the passage of the Clarity and Genius Acts, the crypto market structure and stablecoin laws, respectively, in September of this year.

This was indicated by White House advisor David Sacks when referring to the timeline on his social media, highlighting that the deadline could be September 30.

In this context, “Sacks thanked Senate Banking Committee Chairman Tim Scott and Digital Assets Subcommittee Chair Cynthia Lummis for announcing a clear timeline and plan for comprehensive cryptocurrency market structure legislation.”

According to the official, this coming month will be a busy one, with the signing of bills for Genius and Clarity in the Senate, referring to the stablecoin bill and the cryptocurrency market structure bill, respectively.

M.Pino

Source: diariobitcoin

(Reference image source: Kanchanara on Unsplash)

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La entrada Key crypto regulation laws in the US could be ready in September apareció primero en Bitfinance.