Crypto enthusiasts have been waiting months for clarity on U.S. crypto regulations, and President Trump’s new executive order finally brings much-needed relief. The order includes measures to establish a U.S. Bitcoin reserve, ensure access to banking services for cryptocurrencies, and create a crypto advisory council. While some industry participants had hoped for broader crypto mentions during his first 100 days or additional actions like launching a meme coin aimed at boosting the market, they are now rejoicing with the concrete steps outlined in the order.
This move could pave the way for greater institutional confidence in cryptocurrencies, potentially spurring further growth and innovation in the sector. Stay tuned as these developments could have significant implications for the crypto market.
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Source: https://www.marketwatch.com/story/trump-has-called-himself-the-crypto-president-heres-what-his-new-executive-order-does-91c6394b