US President Donald Trump placed cryptocurrency at the center of his economic strategy, meaning a solemn change in politics for the American Blockchain industry, according to Crypto.com, Kris Marszalek.

Trump organized the cryptographic peak of the White House on March 7, signaling that it intends to make cryptocurrency policy with a national priority and make the US a global center of Blockchain innovation.

The peak was “a truly historic day in the White House,” said the marshal in the post of March 8.

Marshal attributed to Trump to reverse rules such as DhoKepunt 2.0 operation, which allegedly led to the rejection of banking services in crypt and technology as part of Biden administration.

Difficulties associated with finding banking partners can actually be a past for cryptographic companies after the American currency controller office (OCC) has softened their position on how banks can engage in crypto only a few hours after Trump had to end the long -lasting repressions limiting cryptocurrency companies.

Related: Bitcoin USA booking “real step” towards global financial integration

Cryptographic legislation is gaining momentum

The cryptographic peak also appears as the two main bills are waiting for the approval of the Congress: the Stablecoin Act and the Act on the market structure, aimed at increasing the regulatory uncertainty around the American cryptocurrency industry.

Marshal said that a continuous dialogue with key regulatory bodies, such as Commodity Futures Trading Commission (CFTC) and the Securities and Stock Committee (SEC), could see the pass of “breakthrough regulations”. He added:

“The impact of creating these regulatory frames will be felt around the world and will provide the necessary base for transferring activity on land and offchain activities.”

CEO comments appear a day after Trump signed an executive ordinance on March 7, which outlined the plan to establish Bitcoin reserve by means of a forfeit cryptocurrency in government criminal matters, and not actively acquiring bitcoins (BTC) through market purchases.

Although no direct BTC purchases have been announced, the Act added that the Secretaries of the Treasury and Trade of the US can create “neutral strategies for the budget” to buy more Bitcoins for the reserve, “provided that these strategies do not impose additional costs on American taxpayers.”

Some analysts perceive the American Bitcoin reserve plan as the first “real step” for Bitcoin integration with a global financial system.

“The United States took their first real step towards integrating bitcoins with fabric of global financing, recognizing its role as a fundamental resource for a more stable and solid monetary system,” said Cointelegraph, head of market research at Unchained.

Related: FDIC is based on transparency on dhokeepiting 2.0 – Coinbase Clo

While Trump previously emphasized his intentions to strengthen the innovation of cryptocurrencies in the US, the release of regulatory frames takes time and setting the “appropriate regulatory tone” will be crucial for administration, according to Anastasija Plotnikov, co-founder and general director of Fideum-Infrastructure and Blockchain.

https://www.youtube.com/watch?v=6Unogdvqwre

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