President Donald Trump published a pre -recorded message to participants at the Coinpto Coinbase summit while the Congress considers legislation to regulate payment stables and establish a structure of the digital asset market.
In his second message addressed directly to a crypto conference since he became president in January, Trump said that he had not been “done” by implementing cryptographic policies in the American government. According to the president, they have included efforts by decrees to establish a Bitcoin National Reserve (BTC), creating a working group on digital assets and appointing Paul Atkins to chair the Securities and Exchange Commission (SEC).
“My administration is working with the congress to adopt the law on engineering supporting the creation of sustained stablescoins of a dollar, and we will also work to create clear and simple market executives that will allow America to dominate the future of crypto and bitcoin,” said Trump.
The president’s remarks to the participants of the summit came while the Senate should vote on the Act on Engineering to regulate the majority of the legislators in the chamber on Wednesday. The legislators of the House of Representatives envisage the Clarity Act in the context of efforts to create a regulatory framework for digital assets, clarifying the roles that the dry and the commodity future trading commission (CFTC) would have.
Enough votes in the House and Senate to adopt Crypto bills?
Thursday, the Senate had not voted on the law on genius. The Clarity Act was adopted by the Committee on Tuesday, putting the bill for a full vote in the House.
Some Democrats of the two chambers suggested that they intended to oppose bills without provisions aimed at combating Trump’s ties with cryptographic industry. World Liberty Financial, the cryptographic platform supported by the president’s family, published his own stablecoin which could be used to personally enrich Trump during his functions.
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The appearance at the Coinbase event marked the second time that Trump directly addressed crypto users since his entry into office. He also spoke in a pre -recorded message to Digital Asset Summit in New York in March and in person at the Bitcoin 2024 conference in Nashville as part of his presidential campaign.
The message to the cryptography industry came while the president faced a meticulous examination after his expense bill was adopted in the House of Representatives, his expenses up to $ 45 million for a military parade in Washington, DC on Saturday, and in deployment of 4,000 troops of the National Guard in Los Angeles, that it was in response to demonstrations. An online quarrel between Trump and Tesla CEO, Elon Musk last week, the spending bill and the government’s government contracts also trembled the markets.
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