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Cryptocurrency News
Analysis and latest events in the world of digital assets
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EXCLUSIVE: Trump allows banks to buy cryptocurrency
January 10, 2024 • Source: White House
Washington, D.C. — President Donald Trump has signed a historic executive order that allows American banks to directly buy, store, and trade cryptocurrencies. This decision marks a turning point in digital asset regulation in the United States.
Key Changes:
- • Banks can now directly invest in Bitcoin, Ethereum, and other cryptocurrencies
- • Simplified licensing procedures for cryptocurrency operations
- • Created a new category of banking licenses for digital assets
- • Established clear rules for taxing cryptocurrency transactions
"This decision opens a new era of financial opportunities for American citizens and businesses", — President Trump stated at a White House press conference. "Cryptocurrencies are the future of finance, and the United States must be at the forefront of this revolution".
Positive Impact:
- • Growth in cryptocurrency investments
- • Creation of new jobs
- • Strengthening US positions in the digital economy
Expected Results:
- • Influx of institutional investors
- • Stabilization of the cryptocurrency market
- • Development of new financial products
Market Impact
+15%
Bitcoin Growth
+25%
Bank Stock Growth
+40%
New Crypto Accounts