Re-elected with a pledge to turn the United States into a global crypto superpower, President Donald Trump is beginning to see the first outcomes of that promise. Within months of returning to the White House, the U.S. Congress has passed groundbreaking legislation that brings cryptocurrencies from the periphery into the mainstream of the nation’s financial system, reports Baltimore Chronicle with reference to BBC.
The newly adopted crypto laws aim to cement America’s technological leadership in finance, reinforce the U.S. dollar’s international dominance, and help mitigate the country’s debt crisis. However, experts caution that this shift may pose risks to financial stability, the banking sector, and the core idea of cryptocurrency as a borderless, anonymous alternative to traditional money.
The White House hailed the legislation as a “historic act” that will not only strengthen national security but also solidify the U.S. dollar’s position as the world’s primary reserve currency.
On Friday, Trump hosted a ceremonial signing event, inviting key figures from the cryptocurrency industry. During the ceremony, he praised their persistence, commitment to innovation, and support of his election campaign.
“Let me tell you this: for years they mocked you, ignored you, didn’t take you seriously,” Trump said. “But this signing is a reward for your hard work, pioneering spirit, and willingness to stand firm.”
Earlier we wrote that how the SEC Is changing the crypto market: latest US regulations.