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"This is a huge development for Bitcoin and digital assets. We're coming off of four years of the Biden administration trying to, you know, effectively shut down and push out the entire cryptocurrency ecosystem from the United States. So they now have this kind of support. The support from the highest levels of government legitimizing the importance and the promise of this technology is incredibly important for our economic security and our national security" Perianne Boring, The Digital Chamber founder and CEO, told FOX Business following the announcement.
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He pledged at a crypto conference he attended last summer to make the U.S. the "crypto capital of the planet" and the "bitcoin superpower of the world" if elected.
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It will also coordinate those activities with other federal agencies, including the Commodity Futures Trading Commission, which is poised to take on a larger role in crypto regulation.
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