History is happening before our eyes. Yesterday the entire cryptocurrency market watched what was happening in the USA. Donald Trump signed a document that de facto starts working on a bitcoin strategic reserve.
A breakthrough day in the USA
Yesterday was full of emotions for Bitcoin fans. First, Senator Cynthia Lummis announced that “something great is approaching.” It quickly turned out that it was only about her choice as chairwoman of the digital assets subcommittee, which is to deal with strengthening the cryptocurrency industry in the USA. So we have the right man in the right place.
However, it did not end there – in general yesterday was probably in the calendar of prominent officials marked as time for cryptocurrencies. SEC also rejected the SAB 121 provision, which required financial companies – including banks – having cryptocurrencies to show them as obligations in their balances. In other words, from now on, banks in the USA can easily store cryptocurrencies.
Trump enters the stage and it’s all white
And finally the grand finale: US President Donald Trump has signed an executive decree to strengthen the cryptocurrency market in the USA. In addition, a group is to be created, which will be, among others She analyzed whether about 200,000 BTC, which already has the US government, could become the foundation of the US bitcoin reserve. In practice, this means the beginning of work on the BTC reserve.
When will we know the first fruits of the team’s work? As we read in the document “Within 180 days From the date of this ordinance, “is to propose a federal regulatory framework regulating the emissions and functioning of digital assets, including stableleins” and “evaluate the potential creation and maintenance of domestic supplies of digital assets and propose the criteria for creating such stockspotentially from cryptocurrencies legally taken over by the Federal Government as part of its activities in the field of law enforcement. “
Trump also banned “establishing, broadcasting and using” the digital currency of the American Central Bank (CBDC). Thus, he fulfills the next election promises. This week he also pardoned Ross Ulbricht.
The US President also announced in Davos that the US will become a power in AI and cryptocurrency markets.
You can buy Bitcoin and other cryptocurrencies in a simple and safe way on the Zondacrypto stock exchange.