Breaking! Strongly Recommended Watch: Trump takes step towards making US ‘crypto capital of the world’
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Trump AI and 'crypto czar' David Sacks discusses the administration’s crypto policies and future ambitions for the digital currency during an exclusive interview on ‘The Evening Edit.’ #foxbusiness
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Subscribe to Fox Business! https://bit.ly/2D9Cdse
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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
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Francisco Gimeno - BC Analyst Trump’s bold moves last week have been seen by all. And he has taken a significant step towards his campaign promise of making the US the global crypto hub: he signed an Executive order signed to boost cryptocurrency industry, created a crypto task force to develop comprehensive regulations, ordered to explore potential national digital asset stockpile and in an insightful movement he forbid the creation of any Central Bank Digital Currencies (CBDCs). Four developments which may signify a dramatic shift in US crypto policy. Is this going to sign a new era in digital finance? It is early to see, and the market is not sure yet of what is going to happen. But there are some implications here: there is no more strict enforcement approach, but a focus on regulatory clarity and certainty for the crypto sector, among other ideas, like the potential elimination of capital gains tax on U-issued cryptocurrencies. Trump wants US to be the centre and the hub for everything digital, from crypto to AI. This is going to impact the global crypto landscape, don’t you think so?