Crypto -XECs see us this year approving crypto laws under Trump

Cryptocurrency bosses are optimistic about the changes of extensive federal rules for industry this year now Donald Trump, who is a Batcoin, returned to the White House.

The CEOs of CoinbaseBinance and Circle told CNBC that they now see a clearer path to securing some concrete rules for digital assets – in contrast to the previous American administration, which undertook aggressive enforcement measures against various large crypto companies.

Brian Armstrong of Coinbase said he sees the “Dawn of a New Day” coming in with a US government led by Trump.

“You have to remember it: for the past four years we really had the feeling that we were being attacked by this administration,” Armstrong told CNBC in a TV interview at the annual event of the World Economic Forum in Davos, Switzerland.

“They tried to arm the lack of clarity in the rules to really push back, even on the good actors,” Armstrong added. “There were also some bad actors, to be honest – but they even tried to go after the good actors, I think, like us.”

Coinbase is the largest crypto trading platform in the US. The company often praises itself as a regulated alternative to offshore exchanges, such as Binance.

On Tuesday, the US Securities and Exchange Commission announced the launch of a “crypto task force” aimed at “developing an extensive and clear regulatory framework for crypto -activa”.

The SEC panel will be responsible for developing a clear set of rules for the crypto sector, while also tackling issues with regard to registration of coins, according to a statement from the agency.

Armstrong from Coinbase said that the current most important priority for crypto works as an industry to accept legislation in the US to provide clarity.

“The industry is just ready for this new change,” he said CNBC. “They are ready for clear rules. And that is our big push.”

Richard Teng, CEO of Binance, emphasized token issue, trade and asset management as some of the most important things he expects to see progress in terms of crypto-specific legislation in the US

Teng said that he sees “much clearer regulations” in the US this year – and that this would support bitcoin And other digital assets.

“If you look at earlier cycles, this year we will see a new all time for the crypto industry,” Teng said in a hireside discussion hosted by CNBC in Davos, Switzerland.

Bitcoin, the world’s largest cryptocurrency, applied the $ 100,000 price mile pole for the first time last year, because traders became optimistic about the prospects of the crypto industry under a Trump administration.

From Wednesday, token acted according to a price of around $ 104,000, according to Coingecko data.

Binance’s Teng also expects the US to set up a strategic Bitcoin reserve – something that Trump suggested that he would do during his campaign.

Jeremy Allaire, CEO of Circle, said he believes that “it would be careful for central banks to keep some reserves in something like Bitcoin,” and adds that this can cause a return to money-supported money.

“When we look back when we disconnected from non-sovereign raw material money, we really saw the world incredible abuse by Fiat and that continues,” said Allaire. “The vast majority of governments in the world have considerably in debt.”

“It has taken a kind of open heart surgery, shock therapy, in a place like Argentina to get out of this vicious circle. And I respect that this is now an important topic for the US government,” he added.

Trump has previously suggested that an American national Bitcoin reserve can be supported by crypto assets confiscated by criminal operations, such as hackers and fraud.

Together with a pro-Crypto-president, the US now also had senators and representatives who support the technology and want to set regulation-I emphasized that Allaire emphasized.

Allaire noted that there are already “American champions” in the crypto room such as Circle, Coinbase and Blockchain Platform Solana. “I think we will probably see rapid progress in making rule and policy -making under this new administration to promote this industry,” he said.

Circle’s CEO sees the American advancing legislation, in particular around so-called stablecoins-digital tokens that are designed to be linked to real-world assets such as the dollar-viewed that there is already two-part support in the congress for such tokens. Circle is behind USDCThat is one of the largest stablecoins.

The Clarity for payment stablecoins actA legislative proposal that tries to set up a regime regime for license issues from Stablecoins worked before the elections of the congress by the congress. It should not pass home voices yet.