Washington, DC – January 23: David Sacks, “AI and Csar Crypto” by US President Donald Trump, says … (+)
US President Donald Trump has held his pre-electoral promise on the crypto and a pro-Crypto congress and the Senate turns out to be a boon for the emerging technological industry.
On January 23, Trump signed the “Strengthen American leadership in digital financial technology” Executive decree (EO). He too announcement The Stargate Initiative, an agreement of $ 500 billion in the private sector to extend the Amia-IA infrastructure.
The president gave the “tone to the top” to stimulate the crypto and AI industry by overloading the investment, confidence and adoption of these nascent technologies while supporting innovation and growth carried out by The United States.
The American technology sector, and in particular both cryptographic and AI industry, has talent and capital in the shovel, two of the three most important ingredients to stimulate innovation with an omnipresent utility to The company, what is required of the two, is balanced policy and regulatory clarity.
The new administration and the regulators left for a starting hunting rifle, and the cryptography industry has very high expectations.
Lay the foundations of regulatory clarity
The EO indicates the creation of a structured digital financing landscape, making room for digital assets to play an important and legitimate role in the American economy.
The EO prohibits CBDC by withdrawing support from the digital dollars supported by the government in the United States in favor of stables of the private sector to underlie the world domination of the dollar through the use of stablecoins supported by an American dollar.
This week, it has been announced that the Senatoric Banking Committee, the Senatorial Agriculture Committee, the Chamber Agriculture Committee and the Chamber’s Financial Services Committee will meet to form a bicameral cryptography committee for Create a bill on differences and a federal regulatory framework for digital assets. David Sacks, the new crypto and Tsar of Trump AI, turns out to be an invaluable advisor to the administration.
Abdul Rafay Gadit, co-founder of ZiglinalExplained: “Trump’s clear saying will catalyze the adoption rates of cryptography while major investors, financial institutions and retailers are actively starting to invest in the crypto. We have seen how, shortly after the decree, $ 1.19 billion Cut into ETP Crypto, bringing the total assets under management to $ 171 billion, Bitcoin ETPs making 82% of the total value. This marks the beginning of a golden age of the American economy fueled by cryptographic assets. »»
The immediate action of the acting president of the sec, Mark T. Uyeda Cancel The accounting staff rule (SAB) 121 has forced financial institutions to list the cryptographic assets held in the name of customers as responsibilities. From now on, SAB 122 promotes institutional participation by removing obstacles to entry so that traditional banks offer cryptographic guard services without maintaining complex books.
Uyeda launched a cryptographic working group dedicated to the development of a complete and clear regulatory framework for cryptographic assets. Commissioner Hester Peirce, known as “Crypto Mom”, is very well respected between industry agencies and the government, and will direct the working group which will focus on the clarity of regularity on digital assets and Regulations on securities and will strengthen the reduction of public chain fraud.
The CFTC announced that The acting president, Caroline D. Pham, launches a series of public round tables on the evolution of trends and innovation in the structure of the market, including questions such as affiliated entities and conflicts of interest, the prediction markets and digital assets. PHAM has renewed calls for open public engagement and transparency increased by the CFTC on its political approach to changes in the derivative markets.
This model of regulatory engagement is that that industry associations and major players in digital finance have constantly requested and made themselves and their resources available for years, and many have been mainly avoided and, in some cases , prosecuted in the last administration. Pham and the peirce de la sec were two of a small number of agency commissioners who engaged in world industry, listened to and offer support, all along and have great respect for the world finance community digital.
Rob Behnke, co-founder, executive president and president of Halbornsaid: “I have the impression that the whole industry is experiencing a state of dizziness due to the speed and radicality that things have changed. We went from Operation ChokePoint 2.0, which has uninformed most American technology innovators in this industry, to complete and total support.
The real cases of appropriate use in the industry are, of course, Bitcoin first and foremost, followed by stablecoins, UX and the tokenization of assets. Trump has accelerated everything at the moment. More importantly, it has some of the most innovative and highest names of integrity in the American crypto as ambassadors and decision -makers behind things like the repeal of Sab 121 and the push of Fit 21 to establish what ‘is a commodity, security and the collection.
However, as real value reserves are now open source code benchmarks which can be cloned immediately, crooks and fraudsters will be much more creeping. Hopefully the dry or another director can tighten people who stop clearly. »»
It is also reported that the SEC reduced the regulation of application cryptography, and a message that made a big smile in the face of many in the industry and signals the start of the next wake of more important investment in companies technological and digital assets in the United States, by digital finance players and capital beneficiaries.
Strengthen the dollar, power growth
Trump’s OCE focuses on strengthening the US dollar and, therefore, the American economy. In addition to the prohibition of CBDC and the accent on the floors (USD), Bitcoin has an important role to play.
Although the OC did not mention the training of a strategic bitcoin reserve, the president charged the treasure and commerce services for establish A sovereign fund in a separate order. The wealth fund can be an avenue to buy and accumulate digital assets such as Bitcoin.
Philip, director of marketing of the Bitcoin strategic reserve part ($ SBR) on Ethereum, noted, “The decree is a massive step towards the achievement of the objective of the Congress approval for the Bitcoin Strategic Reserve Bill (SBR) of Senator Lummins. Although some may consider the decree as a blow for the SBR movement, it is quite the opposite.
Executive decrees often have a shelf life that lasts as long as the current administrative term. However, the approval of the congress for a bill such as the SBR of the Lummin Senator would establish a long-term plan rooted in the belief of the government in the capacity of Bitcoin to reduce the deficit, to hide against inflation and perhaps be strengthening the dollar. »»
After signing the OE, Donald Trump radius Practically at the World Economic Forum, renewing its commitment to America “the world capital of artificial intelligence and crypto”. No price to guess why he launched the Stargate initiative for building AI infrastructure at the same time.
Michael O’Rourke, co-founder of Pocket networkDeveloped on Trump’s commitments to the AI industry. He said: “The data centers that feed the training and deployment of AI require enormous energy and exert pressure on national electrical networks. With the rise of AI models, the demand for energy will increase considerably as Goldman Sachs predict A 160% increase in electricity demand. By deregulating the energy sector, Trump is about to make America a hub of the AI ”.
The Stargate initiative began with an investment of $ 100 billion in the first phase to build data centers in Abilene, Texas, and plans to build 20 additional facilities. Such a project should create jobs beyond technology in the construction and energy infrastructure sectors.
Tiger Li, Vice-President of the AI Depoline Ecosystem Phoenix noted: “Although he is already the head of the de facto AI of the world, it is certainly logical that the Trump administration pushes more to the absolute sovereignty of the AI without any dependence on channels ‘Foreign supply.
The step is now defined. The new Trump administration should unlock a new era of growth and innovation, allowing America to recover time and lost field and reach new heights as the world leader in digital finance technologies and ’emerging innovation.
The industry is waiting, and it seems that it will not have to wait a long time, the legislation of Stablecoin in the United States expected within 100 days. The rest of the world looks.
