Meanwhile, Donald Trump signed the first law in the history of the United States to regulate dollar-backed stablecoins.
Now stablecoins are officially recognized and regulated at the federal level. The purpose of the law is to strengthen trust in the crypto industry, which has increased its influence in the United States through lobbying and donations. The adoption of the document coincided with Trump’s promises to turn the United States into a leading center for cryptocurrencies.
Mastercard has already called this the beginning of a new era of trust in digital assets.
The White House also confirmed that Donald Trump supports the tax exemption of small crypto transactions and will continue to promote relevant initiatives. According to the Financial Times, the administration is also preparing a decree that will allow pension savings to be invested in cryptocurrencies, gold and non-exchange traded companies.
