Recently interview With CNBC, Eric Trump, executive vice president of the Trump Organization and son of President-elect Donald Trump, outlined a vision for the United States to become the leading global center for cryptocurrencies.
Eric Trump stressed that a set of “reasonable” regulatory guidelines could pave the way for this shift, especially in light of recent developments. Uptrends In the crypto market. His comments come on the heels of Bitcoin reaching a historic milestone, surpassing $100,000 for the first time, and a new all-time high of $104,000.
This significant price rise, a staggering 137% year-to-date, has increased optimism among investors who believe the incoming administration will strengthen the role of the cryptocurrency industry in the financial landscape.
Eric Trump predicts that digital currencies will overtake traditional finance
Eric Trump declared that “the modern banking system is outdated,” asserting that it is only a matter of time before cryptocurrencies overtake traditional financial systems.
“We are incredibly excited on many fronts,” he added, reinforcing the family’s commitment to embracing digital assets and Decentralized finance (DeFi), a booming sector that aims to recreate traditional financial instruments using blockchain technology.
President-elect Donald Trump has also indicated his intention to reshape the regulatory environment for cryptocurrencies through… nomination Paul Atkins is Chairman of the US Securities and Exchange Commission (SEC).
The move is particularly noteworthy because it addresses a core campaign promise to replace Gary Gensler, who has been criticized for a strict regulatory approach that many in the cryptocurrency community consider counterproductive.
When asked about potential regulatory or non-regulatory measures, Eric Trump emphasized the need for transparency and clarity in policy Regulatory framework. “Those in the cryptocurrency industry are frustrated because no one has ever put together a sensible plan on how to regulate the industry,” he explained.
“They’re OK with regulation, but they just want guidelines.” He expressed his commitment to creating a clear roadmap for regulating cryptocurrencies that can serve as a model for other countries. “We hope to lead by example,” he said, stressing the importance of the United States taking the lead in creating a new framework for cryptocurrencies.
Trump administration vision
In a bold affirmation of the administration’s direction, Eric Trump described Elon Musk as “a modern-day Albert Einstein,” suggesting that the billionaire businessman will play a pivotal role in shaping the White House. Policy agenda.
Along with Vivek Ramaswamy, Musk has been appointed as co-leader of a new efficiency drive that aims to streamline government operations, reduce regulations, and foster an enabling environment for business innovation.
“We want to see efficiency,” Eric Trump said, calling for a productive society in which government plays a supportive, not obstructive, role in business. He criticized the previous administration’s approach, stressing that it hindered the “entrepreneurial spirit” in America.
Featured image of DALL-E, chart from TradingView.com
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