Donald Trump, the president of the United States said that in his speech to the World Economic Forum on January 23 in Davos the US is going to become the global capital for cryptography and artificial intelligence.
Trump has said that his administration will reduce costs for everyone. “virtually all goods and services,” which would also make the US a manufacturing superpower — directly boosting both industries.
Trump is speaking for the first time since his election to address the crypto market, other than mentioning briefly about memecoin.The Official Trump (TRUMP), token. It was the launch of the memecoin based exchange traded funds that prompted their filing, one being the TRUMP token.
Without mentioning the advancements
US crypto industry players Hope Trump has announced that he will sign an executive order on his first day addressing the industry.
But, if you want to know more about cryptography The whole thing was omitted from the President’s inaugural speech and the letter outlining the White House’s regulatory priorities.
Trump nominated crypto-friendly nominees on his very first day as president. Trump began with a series of crypto-friendly nominations. Caroline Pham is the new acting chair for the Commodity Futures Trading Commission.
Pham is in favor of clear regulations for the US crypto industry and has suggested that a regulatory sandbox be created for tokenization firms in 2023. This effort, she argues, would increase market liquidity, competitiveness, and security.
Also, the President Nominated Mark Uyeda is the pro-crypto commissioner who will act as the chairperson of the US Securities and Exchange Commission. This position will remain vacant until Paul Atkins becomes the permanent chair in 2026.
Following his nomination, Uyeda created the regulator’s First crypto task force It is better to avoid regulation by establishing clear rules than it is to regulate through enforcement. Hester Peirce will lead the group, another crypto-friendly Commissioner. “Crypto Mom.”
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