President Donald Trump signed executive actions related to cryptocurrency and artificial intelligence, movements that could reinforce two springs.
The president was accompanied by the White House Ai and crypture Czar David Sacks, risk capitalist and great political donor.
The cryptographic order creates a working group to advise the White House about digital asset policies and will include the involvement of the main federal agencies, such as the Treasury Department, the Justice Department, the Securities Commission and the Future Trade Commission of commodity.
The group will be in charge of sending a report to the president within six months, recommending a regulatory structure and legislative proposals, including the evaluation of the creation of a digital asset stock.
“This absolutely changes the grounds on the ground,” said Kara Calvert, vice president of US politics in GLOBAL COINBASE INC.The biggest exchange of encryption in the US. “You have a president who adopts digital actives and has created advisory board that recognizes the need for non -governmental experience. This is really exciting. ”
Still, the order was received with a mixed reaction elsewhere in the cryptographic community. Bitcoin Proponents express disappointment because the order did not specify that the largest cryptocurrency would be at the center of a national reserve, as many speculated. Trump had endorsed the idea on the campaign trail.
“What Crypto Twitter wanted is very different from what reality is,” said Zaheer Ebtikar, founder of Crypto Fund Split Capital. “If you think well, even buying a Bitcoin from the US government will be extremely reflective, because all other governments will follow it and buy it. Assessing a potential stock of national digital assets is as optimistic as real news. ”
Bitcoin fell around one percent to $ 102,750 (approximately RS. 88.5 lakh) after executive actions were disclosed. The original digital currency, which represents more than half of encryption market value, has increased more than 50% since Trump was elected.
Sacks noted that the group “would make America the world capital in encryption under its leadership,” he said in a nod to Trump.
He added that artificial intelligence action would allow the US to “master and lead the world in AI”.
“Do you find them exciting? They may not be, except they will make a lot of money from the country, ”said Trump about the actions.
Trump’s order is a significant step in fulfilling his campaign promises to be an advocate of the growing cryptographic industry. On the track, he promised to optimize regulations, choose encryption figures to supervise the industry, support a Stablecoin Structure and establish a bitcoin stock. It was good at some of these promises, how to choose many bosses friendly for encryption.
He also forgiven Ross Ulbricht, who created the notorious Silk Road site that sold illegal drugs using Bitcoin – a movement that had a lot of support from the cryptographic community.
These promises marked a change to Trump, which years ago expressed skepticism about digital assetsBefore embracing the industry – pushing its own encryption projects and courting executives and enthusiasts to support your campaign.
Last year, Trump issued a new collection of non-fungible tokens with his resemblance and, along with his children announced the World Liberty Financial, a project to be launched that promises to allow people to win and lend encryption. Then, in January, Trump and his wife launched two meme currencies, which have already earned billions of dollars in market value.
The executive order also marks a victory for an industry that has increased its political involvement in the last elections through considerable donations.
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(This story was not edited by the NDTV team and is automatically generated from a union feed.)