David Sachs and the 47th US President Donald Trump have created the history of digital assets. I agree.
President Trump has just signed a presidential decree to make the United States a “virtual currency capital of the world.”
The order has suggested that digital asset space institutionalization and transition to regulation, although it is less than the establishment of a national bitcoin stockpiling, which has long been supported by cryptocurrency supporters.
David Saxophone “BTC Maxis is not satisfied yet”
Twitter's Bitcoin Maxis argues that if Trump does not create a bitcoin reserve, it is a state of rebellion. Lol, still.
The most angry thing is that President Trump's strategic reserve includes cryptocurrencies other than Bitcoin.
The White House's new digital asset work committee is led by President Trump's internal interior, David Sax, and will be contributing to the Ministry of Finance, the Ministry of Justice, and the SEC officials. The group aims to establish cryptocurrencies and stable coins rules while promoting technological innovation.
According to the presidential decree, digital assets are extremely important for US economic development and global leadership. The team has been granted 30 days to create the first report that focuses on the gap between policy and opportunities.
Tired, boss … Details of presidential decree
I read all EOs. The most relevant details to you are as follows:
- USD residual king: (II) Promote and protect US dollar sovereignty, including activities that promote legal and legitimate dollar -backed stable coins around the world.
- Dollar backing stable coin: Obviously, they still want US dollars to continue to be dominant currency.
- Virtual currency tax: Reduce tax burden on digital asset companies based in the United States
- CBDC Prevention: (V) Take measures to protect Americans from the risks of the financial system stability, personal privacy, and the risk of Central Bank Digital Currency (CBDC), which threatens US sovereignty (establishment, issuance, ban on distribution, etc.). Use of CBDC in the jurisdiction of the United States.
I think the last part means that the United States does not recognize virtual currency.
NEW: President Trump shouts David Sachs, an emperor of AI and cryptocurrency, “There is no one like this man. How did you get David Sachs? How did he do that? He is for the country. Thank you, David. ”
@Davidsacks pic.twitter.com/fmallpnida
– Autism Capital
(@AutismCapital) January 23, 2025
In response to this news, Bitcoin.cwp-COIN-CHART SVG PATH {Stroke width: 0.65! Important;}
price
24 hours of volume
Price 7 days
As a result, it has fallen by 1%, but is now rising 2.3%. What is happening in this market? Who is applying So much Selling pressure?
In conclusion, President Trump seems to let David Sax do what he wants.
What is Trump's 2025 cryptocurrency strategy next?
The maximum BTC is angry, but this EO has the United States The center of the world's cryptocurrency tax. that Open a door to the law that requires the people to file a wallet and profit and loss.
Although there is almost no specific content, the presidential decree is the basis for promising a drastic review of the US cryptocurrency policy. Although Trump's large -scale planning about the cryptocurrency integrated economy has not yet become clear, this is the beginning of the era called the “golden age” of digital assets and the US economy.
Explore: High return 10 coins: 2025 virtual currency prediction
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Signing the Cryptence Presidential Order with Mr. Trump and David Sax, the post that is all to be known is the first post in 99bitcoins.
