A recent report reveals that Donald Trump is planning to issue an executive order declaring the cryptocurrency sector, led by bitcoin (BTC), as a national priority from the first day of his term.
It should be noted that the president will take office on January 20, and His return to the White House has generated high expectations in the cryptocurrency sector.
This growing anticipation did not come out of nowhere, as the industry remained deeply uneasy with the Joe Biden administration, especially due to Gary Gensler’s aggressive approach as head of the Securities and Exchange Commission (SEC).
In July 2024, Wyoming Senator Cynthia Lummis introduced a bill to establish a national reserve backed by BTC, an initiative that Trump supported. This support fueled hopes that his return to government would usher in significant change for the sector.
In the end, the Republican surpassed the Democrats in the electoral contest and, shortly, will once again take the reins of the country. Therefore, various testimonies have emerged regarding what could be the beginning of a new regulatory era. For example, it is said that Trump would include crypto assets in the executive orders that he will sign from the first day of his term, and it has even been suggested that the president could add other digital currencies to the national treasury.
A national priority
Taking as reference a publication Bloomberg, it’s worth asking, what exactly does it mean for cryptocurrencies to have national priority status? This means that the new administration It would not only give them strategic importance within its economic agenda, but also in issues such as national security..
Under the new Donald Trump administration, government agencies are expected to design clear and specific regulatory frameworks for digital assets, that provide predictability to both common users and investorsand that, of course, encourage the adoption of the sector. This implies that organizations resume their role of issuing measures within their scope of competence and that their leaders, beyond expressing good intentions, adopt open approaches and consider engaging in self-criticism, something that was conspicuous by its absence during Gary Gensler’s administration. front of the SEC.
Bitcoin, as a decentralized and digital system, offers great opportunities, but like any other technology, its use involves certain risks, especially when people are not well informed. This is a field that requires a lot of individual responsibility. and, although the possibility of cyberattacks is present, the truth is that the current statistics are low. With a clear and balanced legal scheme, the government could address illicit activities more efficiently, without slowing down innovation or creating an environment of unnecessary alarm.
Being considered a national priority, the State could encourage both established companies and cryptocurrency startups, either through tax benefits or financing for research and development of new technologieswhich translates into greater foreign investments and the creation of new sources of employment. This last aspect is particularly relevant, since the controversial management of the SEC under Gensler’s leadership caused numerous Bitcoin startups and developers, as well as other ecosystems, to seek refuge in countries with more open regulatory frameworks, such as Dubai or Singapore.
In this way, the country could not only regain lost ground in the race to lead the cryptocurrency sector, but would even have the opportunity to be at the forefront of global competition. In this context, the strategic BTC reserve that has generated so much expectation in recent months comes into play.. According to a draft released in December, the executive order proposes including bitcoin in the Treasury Department’s Exchange Stabilization Fund (ESF), recognizing it as a “decentralized and finite reserve asset of value.” This document was released after Dennis Porter, a bitcoin policy specialist, stated that an executive order would be the “express way” to establish a BTC reserve in the United States.
Historically, America’s national priorities have focused on issues such as national security, economic stability, and technological leadership. If cryptocurrencies are recognized as a “national priority,” it would usher in a new era in which the US government would begin to more deeply understand the benefits of the decentralized economy and its role for the future. If the promised national treasury of BTC arrives, the North American giant would not only diversify its reserve assets, but would also be able to protect itself against inflation and would set the path for other countries to follow.
Likewise, it is important to highlight that the creation of strategic bitcoin reserves is not just a national project. To date, eight US states have shown interest in establishing their own BTC treasuries, and six of them have already submitted bills. Among the most active states are Pennsylvania, Texas, Ohio, New Hampshire, North Dakota and Oklahoma.
Disclaimer: The views and opinions expressed in this article belong to its author and do not necessarily reflect those of CriptoNoticias. The author’s opinion is for informational purposes and under no circumstances constitutes an investment recommendation or financial advice.
