recently analysis According to Motley Fool, a private, US-based financial and investment advice firm, President Donald Trump’s support for the cryptocurrency sector is under scrutiny, particularly with regard to Ethereum (ETH), the second largest cryptocurrency, by market capitalization.
Trump has consistently defended the crypto industry, advancing initiatives such as the establishment of a procrypto advisor and the US strategic Bitcoin Reserve.
His administration is actively promoting laws establishing the United States as a global leader in cryptocurrency. Recent Passage of Genius actEstab coins are an important part of this effort, establishing stubcoins as the basis for this continuous change in the country’s digital asset ecosystem.
Trump’s Crypto Roadmap
One important aspect of Trump’s crypto policy roadmap is his efforts to clarify the regulatory framework. A clear lack Rules It has long been a concern for businesses and financial institutions operating in the crypto sector.
Uncertainty regarding regulatory oversight has led to concerns about enforcement actions as many stakeholders are concerned about their involvement with the sector.
The current administration aims to eliminate these ambiguities by proposing legislation that allocates surveillance of the Commodity Futures Trading Commission (CFTC). Cryptocurrency spot market.
This shift will alleviate concerns that the Securities and Exchange Commission (SEC) could claim jurisdiction and impose strict securities regulations on crypto companies.
Recently, the House passed the Clarity Act, which seeks to establish a comprehensive regulatory framework, but still requires Senate approval.
The forefront of Ethereum
Another important element of Trump’s roadmap is the integration of Defi finances (Defi) into the traditional financial system. The administration advocates legislative measures that recognize the potential of nominal technologies it relies on. Distributed Applications (dapps) and smart contracts.
Ethereum’s blockchain is at the forefront of this movement, and according to the company’s analysis it functions as a major platform for distributed financial (DEFI) applications.
Smart contracts automate various processes and execute contracts when certain conditions are met. For example, in real estate, a smart contract can streamline mortgage transactions by automatically executing terms once the required documents and payments are provided.
Over half of distributed applications run on Ethereum BlockchainDiversified Financial Expansion can significantly increase the use and adoption of Ethereum itself.
Furthermore, the administration focuses on Stablecoins, a key area within the cryptocurrency landscape. The Genius Law, recently signed into law, aims to establish a stylized regulatory framework in a broader payment system.
Their appeal lies in their ability to use U.S. Treasury securities as a spare pool, which could increase the Treasury demand and help manage national debt.
The White House fact sheet highlights that widespread adoption of dollar-backed stubcoin can modernize payment infrastructure and move the United States away from an outdated system.
In particular, a significant portion of the major, silly, silly, silly, silly transactions, particularly Tether (USDT) and Circle (USDC), occur in the Ethereum network, highlighting its central role in the ecosystem.
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