US President Donald Trump delivered his highly anticipated speech in Davos. In his speech, Trump touched upon the US economic system and Greenland, and also made an announcement about cryptocurrencies.
Trump stated the US Congress is working on a bill to govern the cryptocurrency market (the Clarity Act).
Trump stated that he hoped to trace this regulation almost in the present day.
Noting the rising recognition of cryptocurrencies, the US President stated that China’s leadership on this house desires to be averted. In this regard, Trump recalled that final one year he signed the Genius Act, which specializes in stablecoins, to counter China’s leadership within the sphere and reach political enhance.
“Congress is working on crypto market structure regulation. I am hoping to trace it almost in the present day.”
Cryptocurrencies proceed to reach foremost political recognition. At this level, we have to prevent China’s dominance.
The US will proceed to be the capital of crypto.”
Talking in regards to the brand new FED chairman, Trump stated he would drawl the brand new FED chairman very almost in the present day.
At this level, Trump stated that the FED chairman would be a man.
*This is now not investment advice.
