Although in his first term President Donald Trump said that cryptocurrencies were a scam, in the electoral campaign promised that the United States was going to become “the world capital of Bitcoin and cryptocurrencies.”
The signs were not strange by having so close to their team to Elon Musk, an enthusiastic businessman of cryptocurrencies that has even launched one of the most popular meme coins: Dogecoin.
Since Bitcoin was created in 2008 as a way of operating decentralized assets, the relevance of regulating cryptoactives and with the arrival of Donald Trump to the presidency has been discussed, everything indicates that there will be more serious measures around regulation.
“To date, the SEC has been based mainly on compliance measures to regulate cryptocurrencies retroactively and reactive, often adopting novel legal interpretations and not tested in the process,” the body determined.
“The result has been a confusion about what is legal, which creates an environment hostile to innovation and conducive to fraud,” added the body.
For specialists, Trump’s arrival to the Presidency will cause the regulation and use of these technologies to grow acceleratedly.
“The first phase (of the active crypto) was a bit of surprise denial and of regulators and politicians saying ‘I do not understand anything, it scares me, it prohibits it,” said Carlos Valderrama co -founder of Legal Paradox.
The specialist added that over the years some actors have specialized in understanding and looking for benefits of technology behind cryptocurrencies. “From there they have decided to issue prudential regulation to try to make (the companies) go for free,” he said.
For Felipe Vallejo, executive director of Bitso, plans in the United States are creating a precedent for all economies around the world, Mexico included.
“We believe that Mexico and other Latin American countries have a unique historical opportunity to, for the first time, get on the” first floor “of the adoption of a good that will be key in the decades to come and position themselves on the global stage as never before , with the support of the hardest asset in history, ”he said.
Cryptoactive reserves in the United States
Among President Trump’s plans in criticpoactive matters is the plan of a cryptocurrency reserve.
“In some circles he stressed that there was no specific mention of Bitcoin,” said Felipe Vallejo, executive director of Bitso and president of the Fintech association.
“From our perspective, they do not need to mention it. This asset is the best option for a long -term reservation and on January 21 of this year, at least 14 states had already submitted law proposals to establish strategic Bitcoin reserves; Texas, Pennsylvania, Ohio, Wyoming and Massachussets are some of the most notable, ”he said.
