crypto chapter under Trump: Highest government members rely on Bitcoin and decentralization
<p> <strong> crypto chapter under Trump: Highest government members rely on Bitcoin and decentralization </strong> </p>
crypto and the Trump administration: The role of decentralization in the USA
The crypto landscape in the USA is increasingly being influenced by the Trump administration. Several CEOs from the cryptocurrency industry, such as Bill Barhydt from Abra, are positive about the current developments and emphasize the importance of decentralization in the economy. At a technology summit in California, Barhydt explained that companies in the crypto industry want to further expand their business without being afraid of official interventions.
Trump's commitment to crypto
President Donald Trump has confirmed his commitment to cryptocurrencies during a historical summit in the White House. He has given the goal of making America a "Bitcoin superpower of the world" and plans strategic measures to achieve this goal. Trump said:
"I promised to make America the Bitcoin superpower of the world and the crypto capital of the planet, and we take historical measures to make this promise."
Effects on the markets
Trump's announcements already have an impact on the cryptocurrency market. After the announcement of the plans for a strategic Bitcoin reserve, the Bitcoin course fell by 5.7 %within a short time when investors reacted to the news. These developments led to a general downward movement with important cryptocurrencies. Ethereum fell 6.1 % to $ 2,100, while Solana and Dogecoin decreased by 6.8 % and 5.8 %.
cabinet members and their crypto investments
An interesting aspect of the Trump administration is the disclosure of crypto investments by cabinet members. Six members have disclosed significant stocks in Bitcoin and other digital assets.
- Robert Kennedy Jr. , secretary for health and human beings, indicated a Bitcoin account worth 1,000.001 to 5,000,000 USD.
- Russell VOUGH , director of the Office of Management and Budget, owned Bitcoin worth 1.001 to 15,000
- tulsi gabbard , director of the national secret service, announced Bitcoin-Holdings worth $ 3,001 and $ 50,000.
- Pete Hegseth , Minister of Defense, indicated Bitcoin stocks in the similar area.
- Scott Bessent , finance minister, listed a Bitcoin ETF worth $ 250.001 to 500,000.
- Sean Duffy , transport secretary, Bitcoin-Holdings worth $ 250.001 to 500,000 and further investments in a Gemini wallet.
The positioning of the SEC and the direction of the industry
Bill Barhydt emphasized on the summit that the Securities and Exchange Commission (SEC) positions itself under the current government in favor of the cryptocurrency industry. In the past, the SEC has submitted several lawsuits against crypto companies, but Barhydt believes that the mood has changed.
He emphasized that many shareholder -oriented groups were frustrated in the inactivity of the previous administration, and that the industry has now collected political capital in order to bring about a positive change. Trump also appointed David Sacks, a prominent venture capitalist and former PayPal manager, as "AI and Krypto-Zar", which further strengthens the support for the cryptocurrency industry.
FAZIT
Developments related to Trump administration in the field of cryptocurrencies show an increasing acceptance and integration of digital assets into US politics. With significant crypto investments by cabinet members and Trump's goal of making the United States a Bitcoin superpower, the crypto industry could grow significantly in the coming years. The experts are eagerly observing how this dynamic will affect market movements and regulatory framework conditions.
Kommentare (0)