As a president, he has yet to mention bitcoin in an official capacity.All the same, Trump issued an executive order Jan. mandating a comprehensive draft of federal regulations governing crypto. That order also set up a working group to look into a national digital asset stockpile, while banning central bank digital currencies CBDCs.The shift in crypto policy has changed the way some investment firms are operating.
For example, venture capital firm Andreessen Horowitz is closing anhui mobile database down its U.K. office amid a new focus on the American crypto sector following Trump’s election.The investor opened the U.K. branch in , its first outside the U.S., amid regulatory pressure in the U.S, PYMNTS wrote Wednesday. The move back could underscore a belief that the U.
S. is once again a more favorable jurisdiction for blockchain innovation — at least under the current administration.RecommendedTrump Media Enters FinTech Space With Truth.Fi LaunchWith Illinois Interchange Ban Under Injunction, Banks and Merchants Await Next MoveBIS: Central Banks Need ‘Comprehensive Risk Management Strategy’ for AIMeta to Appeal Against Million EU Antitrust FineSee More In: crypto, Cryptocurrency, digital assets, Donald Trump, ETFs, financial services, FinTech, FinTechs, News, PYMNTS News, Trump Media, Truth Social, Truth.