US President Donald Trump recently met several crypto founders and leaders during the Crypto Summit held at the White House. The incident brought us MPs under a roof with the crypto industry for the first time. At the summit, President Trump asked the US Securities and Exchange Commission (SEC) Crypto Task Force to “on their desk” the country’s crypto and stabelin rules by the end of August this year. This gives the task force about five months to complete the research and proposal work for the Crypto rules.
Chris Dixon, a managing partner at the web3-focussed investment firm A16Z Crypto, said Trump’s timeline was the most important declaration for a crypto regulatory structure during the summit.
Trump’s active regulatory approach, Dixon’s praise Said“With the rapid progress in Crypto, AI and other frontier domains, it is time to craft thoughtful, broad policies that accept both the promises and risk of these technologies.”
White House Crypto Caesar David Sachs and Treasury Secretary Scott Bassant Co -chairmanship Summit with Trump. Addressing the invitations, Besant said that the US has intended to keep the dollar as a major reserved currency in the world, for which it intends to use Stabelin.
Another notable development, the US banking regulator stated that banks were allowed to engage in selected crypto-related services, which were more than years of restrictions. US office office is Mudra (OCC) Allegedly Banks were allowed to discover cases of crypto-asset detention, blockchain partnership, as well as the use of stabelcoins.
Chanlink co-founder Sergei Nazarov Washington DC was one of the attendees of the event. “Being the most senior member of the cabinet, covers these subjects, cryptocurrency, blockchain and financial system as a lot of America’s new commitment to their own development,” he X. A post on Nazarov said that the Trump administration had collaborated with the industry.
Due to awakened regulatory development, CEO of Coinbase Brian Armstrong Said He was designed to open a thousand job opportunities in the Web3 this year. After the summit, Armstrong posted a video on X stating that the coinbase planned to appoint around 1,000 employees in the US in 2025 as a result of “renewed development”.
Prior to the Crypto Summit, Trump ordered the creation of a crypto stockpile in America along with a strategic bitcoin reserve. His executive order stated that the bitcoins and ultcoin seized by the federal agencies will be placed in these reserves as long -term holdings during the investigation.
Despite the success of Trump’s Crypto Summit, the market continued to bleed on Monday. While Bitcoin was trading at $ 82,680 (about Rs 72 lakh) on international exchanges, the Crypto Sector Valuation has increased to $ 2.7 trillion (about Rs 2,35,48,050 crore) in the last 24 hours.
Market analysts believe that in the coming days, with more regulatory development, the digital assets sector will gradually touch the new high. Meanwhile, the market is extremely unstable, and investors have been instructed to take precautions in their decisions.
