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President Trump Signs Decree Regulating Cryptocurrency Market

President Trump Signs Decree Supporting Crypto Currency Market

President Trump made a significant move towards supporting the crypto money market during a signing ceremony held at the White House. The decree signed by Trump establishes a working group for crypto currencies.

The newly formed group, named the “Digital Asset Markets Working Group”, will be tasked with developing a federal regulatory framework for digital assets and exploring the possibility of creating a strategic national digital asset stock. Additionally, the decree calls for suggestions from institutions on regulations affecting digital asset markets that may need to be altered or eliminated.

Furthermore, the decree prohibits central banks from the development or issuance of digital currency. This decision comes as part of Trump’s promise during the election campaign to make the United States the “crypto capital of the world and the superpower of Bitcoin”.

With these recent developments, the crypto money market is set to see potential growth and support under the Trump administration. Stay tuned for further updates on this evolving story.

 

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