US-Based Cryptos: Impact & Potential Under Trump Administration
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In this video from Coin Bureau, the focus is on the rise of US-based cryptocurrencies and the impact of a new category highlighting "made in USA" projects. The channel delves into the inclusion of notable cryptos like xrp, Salana, and even the Trump and Melania meme coins in this category. Ripple CEO Brad Garlinghouse's alleged discussions with Trump about a crypto reserve stirred up excitement around xrp, but rumors of an altcoin reserve were quickly debunked. The regulatory scene in the US is evolving positively for the crypto market, with Trump's executive orders paving the way for a Presidential working group on digital asset markets.
The US stands out as a significant player in the crypto market, attracting a substantial amount of capital inflows, especially during Trump's presidency. Prominent US-based cryptocurrencies like Salana, Sui, Cardano, and Chainlink are poised to benefit from the evolving policies under Trump's administration. Speculation about potential zero taxes on US-made cryptos has been circulating, but the likelihood of this happening faces resistance from political quarters. Alternative tax policies such as Dem Minimus exemptions or holding period exemptions are being considered as more feasible options.
The executive order hints at the US government potentially huddling seized crypto assets instead of purchasing more, while Congress may explore legislation allowing the government to acquire BTC, which could inject further momentum into the US crypto market. The regulatory changes under Trump's administration are expected to attract a resurgence of crypto projects back to the US, marking a shift in the industry's landscape. The "made in USA" narrative could also spur other countries to adopt more crypto-friendly policies to stay competitive in the evolving market.
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Image copyright Youtube
Image copyright Youtube
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Positive comments about Cardano
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Speculation on Trump's influence on American-based crypto
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