Cryptocurrency

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/trump-implements-bold-new-strategy-for-cryptocurrency-in-the-u-s/" data-wpel-link="internal">Trump Implements Bold New Strategy for Cryptocurrency in the U.S.</a> 
The 47th President of the United States, Donald Trump, is expected to implement a significant 11-point plan for <a href="https://en.coin-turk.com/analyst-predicts-market-movements-and-shares-insights/" data-wpel-link="internal">cryptocurrencies</a> following his election victory. This plan aims to position the U.S. as a global <a href="https://en.coin-turk.com/millions-of-dollars-disappeared-with-a-single-news/" data-wpel-link="internal">cryptocurrency</a> hub. Key proposals within Trump’s cryptocurrency agenda include the dismissal of <a href="https://en.coin-turk.com/spot-bitcoin-and-ethereum-etfs-experience-divergent-trends-in-the-us/" data-wpel-link="internal">SEC</a> Chairman Gary Gensler, the establishment of a national Bitcoin reserve, and the elimination of capital gains tax on cryptocurrencies. 
<h2 style="text-align: justify" id="strong-establishment-of-a-national-bitcoin-reserve-and-tax-exemption-strong">Establishment of a National Bitcoin Reserve and Tax Exemption</h2> 
Among Trump’s most impactful cryptocurrency promises is the establishment of a “National Bitcoin Reserve” in the U.S. He stated that the government currently holds 203,650 BTC (approximately $14.95 billion), emphasizing that these assets should contribute to the U.S. economy. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-404094" src="https://coin-turk.com/wp-content/uploads/2024/11/Gbr9uUoaIAEkxPS.jpeg" alt="" width="1436" height="1040"> 
He also mentioned the complete removal of capital gains tax on Bitcoin (BTC) , which would create a more appealing environment for investors. These steps are expected to particularly attract cryptocurrency investors in the U.S. 
<h2 style="text-align: justify" id="strong-creation-of-the-presidential-advisory-council-on-cryptocurrency-strong">Creation of the Presidential Advisory Council on Cryptocurrency</h2> 
Additionally, Trump announced the formation of a “Presidential Advisory Council on Bitcoin and Cryptocurrency” to promote the growth of the cryptocurrency sector in the U.S. This council will advise the President on the regulation and development of cryptocurrencies. Trump emphasized the importance of protecting citizens’ rights to self-custody of their cryptocurrencies, supporting individual financial freedom. 
Trump has also declared his opposition to Central Bank Digital Currencies (CBDCs), indicating a reluctance to adopt such digital currencies under his management. Furthermore, a noteworthy aspect of his cryptocurrency promises includes a commitment to reduce the prison sentence of Ross Ulbricht, the founder of Silk Road. 
While there is significant curiosity about whether this 11-point plan will be executed, Trump’s promises to reduce pressure on the cryptocurrency sector have already generated positive reactions in the market. Even before the official election results were announced, Bitcoin celebrated Trump’s victory by surging past the $75,000 threshold, reaching an all-time high of $75,656. 
The post <a href="https://en.coin-turk.com/trump-implements-bold-new-strategy-for-cryptocurrency-in-the-u-s/" data-wpel-link="internal">Trump Implements Bold New Strategy for Cryptocurrency in the U.S.</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Trump Implements Bold New Strategy for Cryptocurrency in the U.S.

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