The excitement around crypto in the US under President-elect Donald Trump’s term is akin to a space race, according to Ari Redbord, head of legal and government affairs at TRM Labs.
The aforementioned is a list of the most important dates to remember. You can also find out more about the interview by clicking here. with CNBC’s Squawk Box, Redbord mentioned that “people are the policy” and highlighted Trump’s pro-crypto nominations for his cabinet so far, such as Paul Atkins as the new Chairman of the US Securities and Exchange Commission (SEC) and David Sacks as the “crypto czar.”
Then he added:
“There is this excitement, and I think sort of cadence, of almost a space race where the US is now in a position to keep up with the rest of the world, or even surpass the rest of the world.”
Bitcoin Reserve
As Bitcoin (BTC) again surpassed the $100,000 price threshold on Jan. 6, Redbord said that a positive policy shift, such as establishing a strategic BTC reserve in the US, would boost the asset’s value creation.
He expressed excitement over the use of stablecoins by fintech firms such as Stripe, which use blockchain technology for payment.
Redbord, a financial services company in Canada, stated that while investors may view Bitcoins as a single store of wealth for their investments the growth of the crypto-industry will be fueled by the increased use of blockchains in transactions.
Redbord did not give a specific target price for Bitcoin, but he said that he believed it would go upwards. “significantly higher,”A strategic Bitcoin reserve is located in the US.
He noted that the concept of a similar reserve could be the spark for a wider movement in the US:
“When countries around the world look at the election, look at some of the campaign promises, and now look at what the Trump administration is already doing, I think we are starting to see more countries, and even states [in the US].”
Metaplanet CEO Simon Georvich Recently shared The same opinion was expressed about the possibility of a Bitcoin reserve in the US. He stated that the US could have a Bitcoin reserve.uch a move by the world’s biggest economy could trigger a race among nations, with the last to act paying the highest price.
The Swiss Chancellery was in action last week The following are approved by the government: A Hong Kong legislator and a Hong Kong government official have proposed adding BTC to the country’s national reserve. Advocates He makes the same sacrifices for his nation.
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