Mr. Wonderful sheds a shiny light on the cryptocurrency industry, and claims that it enters a “new phase” under the Trump administration.
“The reason that they are not at ease now is that they have viewed the Cowboy era of Crypto, but all crypto -cowboys are in prison or outside of the company. So now we are in a new phase. There is a new tone with the government. Trump has brought it forward,” said O’Leary Ventures Kevin Kevin Kevin Kevin Oppetter Kevin Oppet chairman O’Leary, “My opinion with Lara Trump” Saturday.
“They will provide rules to let this be integrated with the financial institutions of America. It will be a payment system, an investment vehicle. It will be part of all sectors of our economy. We have 11 sectors. In the end I believe that crypto will be the 12th.”
Trump’s Crypto Tsar reduces the lack of Bitcoin ‘long -term strategy of the government’
President Donald Trump won the headlines on the campaign track last year for embracing the crypto industry as an important problem for the 2024 elections.
During an address on the world’s largest Bitcoin conference in Nashville, Tennessee In July, Trump promised for the US to become the “Crypto capital of the planet” and a “Bitcoin -Suuperkracht of the world”.
The Nu-47th President has made a lot of good Crypto -promises Since the performance in January.
Trump creates strategic Bitcoin reserve, other cryptocurrencies that must be used in stock
President Donald Trump signed an executive order last week to set up a strategic Bitcoin reserve, only one day before the first crypto summit in his child.
“An American crypto reserve will elevate this critical industry after years of corrupt attacks by the BIDEN administration, which is why my executive order on digital assets has dedicated the presidential working group to continue with a crypto -strategic reserve with XRP, Sol and Ada,” ” Trump wrote.
“I will ensure that the US is the crypto capital of the world. We make America great again!” he added.
Crypto Tsar David Sacks The move through a message on X.
“The reserve will be capitalized with Bitcoin owned by the federal government that is forfeited as part of the procedures for criminal or civil assets. This means that taxpayers will not cost a dime,” he wrote. “It is estimated that the US government is around 200,000 bitcoin; however, there has never been a complete audit. The EO sends full accounting for the digital assets of the federal government. The US will not sell a Bitcoin that is deposited in the reserve. It will be held as a store of value.
“The big news is that this will be the first administration to say that this sector belongs in America. The development should be here. The technology must be controlled here. We must lead the world in it. Other administrations have not done that, and I think so Lara Trump During his interview in Pubkey Bitcoin Bar in New York City.
Pubkey co-owner Thomas Pacchia also weighed the future of Crypto under Trump, and noted that leadership under President Biden was ‘horrible’.
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“For four years it was a very aggressive administration. I think the biggest victory just went through and was not stuck with another 4 or 8 years of that. It was very, very punished. And there was no conversation. It wasn’t something you could talk about with the administration.”
Trump’s return For the Oval Office there is a “massive chair change for the industry,” Pacchia added.
Fox Business’ Other Hagstrom and Suzanne O’Halloran contributed to this report.
