A company that is changing the way the world mines bitcoin

BitcoinSistemi 2025-01-22 19:42:09

Why Donald Trump Isn’t Announcing Expected Cryptocurrency Orders? Industry CEO Makes Relieving Statement

Circle CEO Jeremy Allaire expressed confidence in the regulatory and executive actions that could significantly impact the cryptocurrency industry in the coming period. Speaking at a recent event, Allaire predicted that the controversial Staff Accounting Bulletin No. 121 (SAB 121) would be repealed and executive orders would be issued on crypto-related matters. SAB 121, issued under the Biden administration, has created challenges for public companies and financial institutions by imposing strict accounting rules for cryptocurrencies. Allaire noted that the bulletin was seen as “punitive” by the industry, particularly for banks and companies seeking to hold or store crypto assets. “Banks need clarity and companies need clarity so they can hold crypto assets on their balance sheets and provide custody without punitive measures,” Allaire said. He noted that repealing SAB 121 would alleviate these challenges, make the financial system more crypto-friendly, and unlock broader institutional participation in digital assets. Related News: Is a Civil War Starting in Ethereum: One of the Main Developers Left, a Second Foundation was Established! Is XRP and Solana Danger Coming for ETH? Allaire is also expecting new executive orders from Trump regarding cryptocurrencies, signaling that the regulatory landscape could soon change. While the president’s inaugural address did not explicitly mention crypto, Allaire expressed optimism that crypto would be prioritized on the administration’s agenda. “We will begin to see regulatory action, Congress and the White House,” he said. The potential repeal of SAB 121 and the imposition of administrative orders could pave the way for greater institutional adoption of crypto, with Allaire noting that these actions would align with efforts to make capital markets friendlier to digital assets and improve regulatory clarity. At the World Economic Forum in Davos, Allaire discussed the growing momentum for crypto-friendly policies, particularly among Republican leadership and key industry players. He believes addressing these regulatory issues will unlock new opportunities for the financial sector and drive the next wave of crypto adoption. *This is not investment advice. Continue Reading: Why Donald Trump Isn’t Announcing Expected Cryptocurrency Orders? Industry CEO Makes Relieving Statement

La maggior parte ha letto le notizie

Bitwise Seeks Approval For Dogecoin ETF In De...
2025-01-23
Bitcoin Price Aims For $150,000-$170,000 With...
2025-01-23
Investigation Requested: Trump Token and Worl...
2025-01-23
ADGM’s Regulatory Framework May Enhance UAE’s...
2025-01-23
Bitwise, CoinShares File for Dogecoin ETF wit...
2025-01-23
Trump's CFTC Pick Clears Top Ranks of Key US...
2025-01-23
Binance Announces Luckycoin (LKY) Hard Fork S...
2025-01-23
XYZVerse and these 4 altcoins could make mill...
2025-01-23

Notizie correlate

Ross Ulbricht’s Pardon: What It Could Mean for Bit...
23 Jan 2025
CME Clarifies Incorrect Announcement on XRP and SO...
23 Jan 2025
Who Is Ross Ulbricht? The Silk Road Founder and Bi...
23 Jan 2025
World Liberty Financial (WLFI) Invests $9.84 Milli...
23 Jan 2025
CMEGroup Denies Plans to Launch Solana or XRP Futu...
23 Jan 2025
Kansas Senator Bowser Proposes Bill to Invest Publ...
23 Jan 2025

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta