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Mr. Wonderful is throwing a bright light on the cryptocurrency industry, arguing that it is entering a “new phase” under the Trump administration.
“The reason why they do not feel comfortable at this time is that they have seen the era of the cowboy of cryptography, but all cryptographic cowboys are in jail or out of the business. So now we are in a new phase. There is a new tone with the government. Trump has presented it,” said O’Leary Ventures president, Kevin O’Leary, over “My point of view with Lara Trump” Saturday.
“They will provide regulations to allow this to integrate with the financial institutions of America. It will become a payment system, an investment vehicle. It will become part of all sectors of our economy. We have 11 sectors. Eventually, I think the crypt will be 12”.
Trump’s cryptographic tsar decreases the lack of government long -term strategy “
President Donald Trump reached the headlines in the campaign last year to adopt the cryptographic industry as a key issue for the 2024 elections.
During a leading direction in the world Bitcoin Conference in Nashville, Tennessee In July, Trump promised that the United States became the “cryptographic capital of the planet” and a “Bitcoin superpower of the world.”
The now 47th President has complied with many of his cryptographic promises Since he assumed the position in January.
Trump creates a strategic Bitcoin reserve, other cryptocurrencies that will be used in stockpile
President Donald Trump signed an executive order to establish a strategic Bitcoin reserve last week, only one day before the first cryptographic summit of its kind.
“An US encryption reserve will raise this critical industry after years of corrupt attacks of the Biden Administration, so my executive order on digital assets addressed the presidential work group to advance in a cryptographic strategic reserve that includes XRP, Sun and Ada”, Trump wrote.
“I will make sure that the US is the capital of Crypto in the world. We are making the United States again!” Added.
Crypto Tsar David Sacks He celebrated the movement through an X publication.
“The reserve will be capitalized with Bitcoin owned by the federal government that was lost as part of the processing or civil asset procedures. This means that taxpayers will not cost a penny to taxpayers,” he wrote. “It is estimated that the United States government has around 200,000 Bitcoin; however, there has never been a complete audit. The EO directs a complete accounting of the federal government digital assets. The United States will not sell any bitcoin deposited in the reserve.
“The great news is that this will be the first administration that will say that this sector belongs to the United States. Development should be here. Technology should be dominated here. We should lead the world in it. Other administrations did not do that, and I think we should celebrate it because I think we should not be left behind,” said O’Leary host host of News. Lara Trump During his interview at Pubkey Bitcoin Bar in New York City.
Pubkey’s co -owner, Thomas Pacchia, also intervened in the future of Trump cryptography, noting that leadership under President Biden was “atrocious.”
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“For four years, it was a very aggressive administration. I think the greatest victory was to go from that and not get caught with another 4 or 8 years of that. It was very punitive. And there was no conversation. It was not something you could go and talk to the administration.”
Trump’s return To the Oval office there is a “massive change of industry seat,” Pacchia added.
Fox Business’ Anders Hagstrom and Suzanne O’Halloran contributed to this report.
