A hectic week ends for the Bitcoin ecosystem. It began with the inauguration of Donald Trump and brought with it a series of information that shows the turn that the United States is taking in the regulation of cryptocurrencies.
Prior to the presidential inauguration, the new president and his wife launched their own memecoins. TRUMP and MELANIA skyrocketed in the market, being subjected to criticism from bitcoiners, who saw “little seriousness” in this action. Minutes before Trump’s inauguration, information of a new ATH for bitcoin began to rain, but after A first speech where the main cryptocurrency was not discussed, the price fell.
To the surprise of many, changes began at the SEC, where a new acting chairman will focus on creating new laws. It was followed by the release of Silk Road creator Ross Ulbricht and court rulings overturning decisions made during Joe Biden’s administration. The icing on the cake came with the executive order that will allow creating a reserve of digital assets and banning CBDCs.
Meanwhile, at the regional level, Colombia opens the doors to ETFs, the registration of local cryptocurrency companies in Argentina grows and the Bitcoin City plans from El Salvador.