The cryptocurrency domain is President Trump’s newest point of focus. Trump has made his stance on digital assets quite clear, adding how he wants the United States to take the cryptocurrency sector seriously and emerge as the ultimate leader out of the global pool of nations vying for the top spot. He doesn’t want to share this title with anyone, not with China or any other nation, and is trying his best to bring about new cryptocurrency use cases for the world to witness and seek inspiration from. While the adoption rate is slow, it is rapid and consistent, and can be increased skillfully if Trump implements these 3 elements as soon as possible.

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3 Ways Trump Can Strengthen the Cryptocurrency Industry

1. Widespread Institutional Crypto Adoption

If Bitcoin is truly as striking and monumental as Trump makes it out to be, the first thing the US can do is to pave the way for enterprises to institutionally adopt Bitcoin and other cryptocurrencies. This means embedding cryptocurrency-centric infrastructure into major financial institutions, companies, and corporations while onboarding the entire financial landscape onto blockchain for proper usage. The growing inflows into BTC and ETH ETFs prove how investors and corporations are indeed eager to explore cryptocurrencies. This development may help the US take active charge, leading the domain into prosperity through careful planning and management.

2. Clear and Flexible Regulatory Crypto Framework

The US SEC has finally worked on curating a crypto task force. This task force is set to undergo a meeting on May 12, where the US SEC chair, Paul Atkin,s will also be a part of the discussion. This roundtable will discuss the custody-centric approach and tokenization as leading matters of interest. While the cryptocurrency industry is certainly thriving in the US, the formation of clear regulatory frameworks and rules could significantly help with the global adoption of Bitcoin and other cryptocurrencies.

Regulations will help deliver legal clarity to businesses, helping them adopt crypto standards in a more rapid and consistent manner. This move will once again help other nations seek confidence and trust to develop their own crypto infrastructure, initiating a chain reaction of sorts. This will help in synchronizing efforts, leading the US to take charge of a gigantic and revolutionary technology at the same time.

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3. Breakthrough Technological Advancements

Lastly, a greater emphasis on making the cryptocurrency domain simpler and more accessible is also a great way to boost crypto’s mainstream usage and momentum. This includes initiating significant development on the blockchain level to improve the transaction throughput, which makes the tech more attractive for other parties to take note of. The implementation of cryptocurrency with real-world assets and tokenization should also be prioritized to help investors figure out the real value of the domain in the long run.

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