This Monday is exactly a week since Donald Trump assumed the position as president of the United States, in which different policies and guidelines of a government have emerged that promises to get rid of what was left by the previous administration.
In a matter of 7 days, Trump signed executive orders covering different topics, such as the energy and migration issue, which are national security issues. Among these decisions, he approved the construction of more infrastructure for natural gas, revoked environmental regulations, ordered mass deportations and ordered the resumption of the Border Wall Construction With Mexico.
Within that series of measures, decisions were also made about Bitcoin and its ecosystem, that were significantly impacted on the community.
On January 21, these pro-bitcoin and cryptocurrency measures began, when President Donald Trump pardon Ross Ulbricht, the founder of the fallen Marketplace Silk Road.
Trump granted the presidential, total and unconditional forgiveness to Ulbrichtas cryptonotic reports. In May 2024, the now president promised that he would free this businessman if he was elected.
Ross Ulbricht is an American libertarian businessman and activist known for creating and operating Silk Road, the first modern black market in the Darknet. He is accused of facilitating the Sale of illegal drugs, weapons and other prohibited products Through this site, which operated on the Tor Network to maintain the anonymity of its users.
Ulbricht’s link with Bitcoin is that Silk Road I only accepted payments in this digital currency, which helped maintain anonymous transactions and was key to the growth and adoption of BTC in its early stages.
Ulbricht was arrested in 2013 and sentenced to life imprisonment in 2015 For positions that include conspiracy to distribute drugs, money laundering and computer piracy.
A renewed sec
Another Trump measure in favor of cryptocurrencies was the designation as an interim president of the Bag and Securities Commission (SEC) to Mark Uyeda, a career commissioner who has shown interest and sympathy for the Bitcoin market.
Among his first actions, Uyeda ordered the creation of a working group dedicated to developing a comprehensive and clear regulatory framework for cryptoactives, which will be led by Commissioner Hester Peirceknown as “Crypto Mom”, due to the backing that has always provided the ecosystem, as cryptootics reported on January 21.
The UYEDA SEC, in addition, ordered the annulment of the Bulletin Sab 121 on January 23, thus allowing US banks to offer Bitcoin custody services and other cryptocurrencies without great restrictions.
The first executive order on Bitcoin
Following the line of actions in favor of the ecosystem, the newly opened Trump government issued the first executive order related to these digital assets, which was signed on January 23, and which, in itself, It contains a series of mandates and guidelines for the emerging ecosystem.
Among these measures is the formation of a cryptocurrency advisory council in the White House, which is dedicated to initiating the process for the creation of the strategic cryptocurrency reserve.
This executive order also prohibits CBDC in the United States, discarding every attempt to develop that digital asset, due to the need to “protect” Americans from the risks of these currencies Regarding privacy, sovereignty and financial stabilityAs Cryptonoticia reported.
In addition, the order establishes the unrestricted support to the stablecoins such as USDT and USDC, due to the benefits granted by these assets to the US dollar.
On the other hand, the Executive Order seeks to promote and protect the ability of Americans to use public networks “without persecution”, allowing them to develop and implement software, participate in digital mining and validation, make transactions with other people without illegal censorship and maintain the self -system of digital assets.
Speech in Davos and other actions
During his first week of government, Trump reaffirmed his position to turn the United States into the world capital of cryptocurrencies. This was done during a speech at the Davos World Economic Forum, Switzerland, which was held last week.
In addition, as an event related to Trump’s impulse in just one week in office, the Republican senator for the state of Wyoming, Cynthia Lummis, was chosen as president of the Bitcoin subcommittee and cryptocurrencies of the US Senate, as cryptoics reported.
On the other hand, it was reported that more US States.
Trump government’s expectations about cryptocurrencies in the months to come They point to a more favorable regulatory environmentwith laws that support innovation and the use of cryptocurrencies. These policies are expected to continue promoting adoption and technological development within the cryptoactive ecosystem, leading to the United States to leadership in this emerging industry.
