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Trump turned to crypto from the ‘oppressed industry’ to ‘centerpiece’ of approach to us

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U.S. President Donald Trump has placed the cryptocurrency in the midst of his economic approach, marked a major policy shift for the US blockchain industry, according to Crypto.com CEO Kris Marszalek.

Trump has been dosting A White House Crypto Summit on March 7, signed that he intends to do Crypto policy a national priority And make the US a global hub for blockchain change.

The summit is marked by a “real historical day at the White House,” Marszalek said in a March 8 X post.

Marszalek identified Trump for the return of policies such as Operation Chokepoint 2.0, which allegedly led to crypto and tech firms that banking services were rejected under the Biden Administration.

Difficulties in finding banking partners can be a thing of the past for crypto companies after the US comptroller’s office (OCC) Lights its bearing On how banks will interact with crypto several hours after Trump swore to end up Long -term crackdown that restricts access to crypto companies with banking services

Crypto law gets momentum

The Crypto Summit will also come as the two major bills await the approval of Congress: The Stablecoin Bill and the Bill of market structureaims to help lift uncertainty in regulation in the US crypto industry.

Marszalek said that the major regulators, such as the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), could see the “landmark law” that passed. He added:

“The impact of these frameworks regulations that are established will be felt worldwide and will provide the necessary basis to move the coastal activity to the coast, and the offchain onchain activity.”

CEO comments come one day after Trump signed an executive order on March 7, which structured a plan to establish a Bitcoin reserve Using cryptocurrency forgiven in government criminal cases rather than actively taking Bitcoin (Btc) By market purchases, Cointelegraph reported.

While no direct purchase of the BTC announced, the bill added that the US Treasury and Commerce Secretaries could produce “budget-neutral techniques” to buy more Bitcoin for the reserve, “provided that these strategies impose no increased cost to American taxpayers.”

Some analysts see the US Bitcoin reserve plan as the first “real step” For the integration of Bitcoin into the global financial system.

“The US has taken the first real step toward integrating Bitcoin into the global financial fabric, recognizing its role as a foundation of possession for a more stable and orderly financial system,” Joe Burnett, head of market research unchained, told the cointelegraph.

While Trump had previously featured his desire to strengthen the crypto change in the US, releasing regulations outline Take time and setting “proper regulation” will be important for the administration, according to Anastasija Plotnikova, co-founder and CEO of Fideum-a regulation and blockchain infrastructure firm dedicated to institutions.

https://www.youtube.com/watch?v=6ulabdvqwre

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