The new head of President Donald Trump of Crypto reportedly says that we enter into the “Golden Age” of digital assets now that the policy of the previous administration is being undone.
According to a new report from Fox, Bo Hines – executive director of the president of the President of Advisors on Digital Assets – says that Biden’s policy has driven a lot of industry abroad, while Trump embraces the budding sector and the intention to thrive in the US.
Hines says that instead of helping the industry innovate, BIDEN used regulatory authorities under his control used to go after crypto companies.
As mentioned by Hines, according to Fox,
“At the end of the day, the biggest players of the smallest players in the United States want to be active – they just need a clear series of rules to adhere to this …
We have been in the demolition phase – many of those barriers removed that the Biden regime has set up so that people can start building here in the United States.
My most important message to players in the crypto space is – welcome at home. We are going to create the most pro-crypto-friendly regulatory environment that someone could possibly imagine, because we understand how important the innovation here is in this space. “
According to Hines, the Stablecoin transparency and the accountability for a Better Ledger Economy (Stable) Act would establish clear regulatory regulatory guidelines for Dollar-Pegged crypto assets and the first “really meaningful” piece of legislation could have been signed by Trump during this second term.
“I think Americans will ever see that [stablecoin] Legislation has – as soon as this regulatory framework has been established – will be changed forever the way in which they move their money will be changed. You will see that Americans have better access to faster payments and better access to transparency. ”
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