đš Former U.S. President Donald Trump stated at the World Economic Forum (Davos) that his goal is to make America the âCrypto Capital of the World.â
đš According to Trump, Congress is working on fast-tracking the crypto & Bitcoin market structure law â and he wants to sign it soon.
â But the drama is not over yet...
đ¸ Progress has been made on the bill in the Senate, but:
Coinbase suddenly withdrew support
The Senate Banking Committee postponed the hearing at the last moment
đĽ What is the fight about? đ Stablecoin rewards
đŚ Banks say:
If platforms like Coinbase continue to offer rewards, bank deposits will shift towards crypto
Community banks will suffer
đŞ Response from the crypto industry:
Banks are afraid of competition
Innovation is being stifled
đ§ White House's stand
Delay can be dangerous
Momentum should not be lost under a pro-crypto government
đŁ Ripple CEO Brad Garlinghouse:
âThere is no perfect law, but clear rules are necessary for innovation to grow.â
đ¤ White House AI & Crypto Czar David Sacks:
Compromise is necessary
Goal: to get the bill to the President's desk
đ Next Key Date
Jan 27: Senate Agriculture Committee hearing
Updated text of the crypto bill expected this week
Banking Committee hearing still pending
đĽ Bottom Line:
Crypto regulation is at a decisive moment in America â if the law passes, it could change the game for global crypto markets.

#CryptoNews #bitcoin #Stablecoins #TRUMP #USCrypto #blockchain đ