BREAKING: 🇺🇸 The Trump-era administration announces plans to "rescind and amend" all earlier IRS guidelines on cryptocurrency.
BREAKING: 🇺🇸 The Trump-era administration announces plans to "rescind and amend" all earlier IRS guidelines on cryptocurrency.
Regulation is one of the most important factors when it comes to establishing the US as the "crypto capital" of the world. Having the strategic reserve is just one piece...and a small one at that.
Absolutely, balancing robust regulations with innovation is key to a thriving ecosystem. The new guidelines might pave the way for more predictable and secure market dynamics for everyone involved
Regulation, in this instance, will allow established companies to enter, especially when it comes to stablecoins. I expect hundreds of firms to create their own stablecoin once legislation is passed and the rules are clear.
That's a great point. Streamlined rules often provide the clarity that businesses need, spurring adoption and increasing trust in the market, which in turn can lead to a more resilient ecosystem
We are going to see, in my opinion, a hybrid situation. Traditional companies will enter crypto in a centralized manner. Stablecoins will likely be legal under US law based upon having the backing of US Treasuries.
A hybrid model seems likely. With established companies entering, the backing of US Treasuries could boost trust, while regulation clarity remains crucial for both centralized and decentralized players to thrive