President Trump's first 100 days of his second term are causing waves in the crypto world, with industry leaders cheering a shift from skepticism to support, even if his approval rating is kinda low!
President Trump's first 100 days of his second term are causing waves in the crypto world, with industry leaders cheering a shift from skepticism to support, even if his approval rating is kinda low!

Dattebayo! A New Era for Crypto?

Hey believe it! Naruto Uzumaki here future Hokage and now apparently a crypto news reporter! So this article is saying that even though a lot of people aren't exactly thrilled with President Trump's approval ratings the crypto folks are doing backflips! They were promised America would become the top dog in the crypto world and they think he's off to a good start. It's like when I first showed up at the ninja academy – everyone doubted me but I showed them dattebayo!

Strategic Bitcoin Reserve? Rasengan Sized Ambition!

So get this: Trump wanted a whole reserve of crypto not just Bitcoin but also Ether XRP and a bunch of other weird sounding stuff! People were all like 'Hey don't use our money on this risky stuff!' So he scaled it back to just Bitcoin and promised not to use taxpayer money. Still there's that meme coin he launched and his family being involved in crypto stuff. Some people are saying it doesn't look great but the crypto peeps are like 'Whatever as long as the rules are good!' It's like Sasuke trying to go it alone – you might have your reasons but teamwork makes the dream work!

Banks and Bitcoin: From Shadow Clones to Allies?

Remember how the Biden administration wasn't too keen on crypto? Well apparently Trump's team is changing all that! This Jonathan Gould guy at the Office of the Comptroller of the Currency wants to give crypto firms bank charters! And the Federal Deposit Insurance Corporation is trying to stop this 'Choke Point 2.0' thing where banks were pressured to ditch crypto. It's like finally convincing the villagers that I'm not just a troublemaker but someone who wants to protect them!

SEC's 180 Pivot: Talk No Jutsu in Action!

Okay this is big! The new head of the SEC Paul Atkins is the opposite of the old head Gary Gensler who was super strict on crypto. Atkins is actually talking to crypto people to figure out the rules! One person said it's a '180 pivot'! They're even having roundtables and dropping lawsuits! It's like when I finally got through to Gaara and showed him the power of friendship... I mean understanding regulations!

The Fed: Still a Leaf in the Wind?

Everything isn't perfect! This Brian Quintenz guy is now gonna lead the Commodity Futures Trading Commission. But someone named Carter is saying the Federal Reserve is still holding back banks from working with crypto. They're like the old geezers on the council who don't want to try anything new! But hey even they came around eventually!

Future Hokage and Crypto King?

So overall the crypto industry is pretty happy. They got their wish! Coinbase CEO Brian Armstrong was throwing money around to get crypto friendly people elected. One of their legal chiefs Paul Grewal is saying it's a total flip flop from the old administration. Faryar Shirzad from Coinbase is even saying they're going beyond Bitcoin and trying to put blockchain into the whole financial system! Maybe one day I Naruto Uzumaki will be using my shadow clone jutsu to manage my crypto portfolio while also protecting the Hidden Leaf Village! Believe it!


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