据悉，美国国会也加入了立法的联合工作组，美国证券交易委员会（SEC）则在周二启动了加密货币特别工作组网站，该机构主席Hester Peirce将领导SEC在加密货币监管规定制定工作，并评估美国的加密货币储备计划。① The Trump administration has established a Digital Assets Task Force to introduce legislation on Cryptos, with the primary goal potentially being the regulation of the stablecoin sector; ② The USA Congress and the USA Securities and Exchange Commission will join the Task Force, which is also viewed as Bullish for the Industry; ③ Last weekend, the Digital Currency market was hit hard, with the prices of multiple tokens dropping over 10%, but on Tuesday, major Exchanges reported that large amounts of funds are flowing into stablecoins.
According to Caixin on February 5, the Crypto Commissioner appointed by Trump, David Sacks, is responsible for leading the USA government's development of Digital Assets, Blockchain Technology, and related Technology in the economic field. He announced on Tuesday that a Digital Assets Task Force has been formed to launch legislation on Cryptos within the next six months.
At the first official press conference for Digital Assets hosted by the USA government, Sacks emphasized that the goal is to complete President Trump's directive to develop the Digital Economy, which includes proposing a federal regulatory framework to govern the issuance and operation of Digital Assets in the USA.
It is reported that the USA Congress has also joined the joint task force for legislation, while the USA Securities and Exchange Commission (SEC) launched a special website for the Crypto Task Force on Tuesday. The agency's chairman, Hester Peirce, will lead the SEC's work on establishing regulatory provisions for Cryptos and assess the USA's Crypto reserve plan.
Major Shock in Digital Currency
Earlier on Tuesday, USA Senator Bill Hagerty proposed a new bill regulating stablecoins. The bill suggests establishing licenses for stablecoin issuance and allowing state regulators to oversee stablecoins with a Market Cap of less than $10 billion, which means all stablecoins except Tether's USDT and Circle's USDC tokens.
Many Republican lawmakers have already expressed their support, which has raised concerns among Democrats who believe that unilateral decisions by Republicans could lead to negative consequences.
However, Sacks pointed out that in his past conversations with industry professionals, it is clear that what people need the most is regulatory clarity from the government. Only by knowing what the rules are can the Crypto industry comply with them. He also criticized the past four years under Democratic administration as filled with arbitrary lawsuits and persecution of Crypto companies.
Although the specific framework is not yet clear, from statements made, the USA Congress is expected to take the lead in advancing stablecoin legislation. Last weekend, the USA announced the imposition of tariffs of up to 25% on Mexico and Canada, triggering a massive market shock, and the Digital Currency industry is one of the sectors severely affected.
Bitcoin has fallen over 4% this month, with its price once dropping to $92,000, currently recovering to $98,000, while Bitcoin is considered the most 'stable' in the Cryptocurrency sector. Ethereum has decreased by over 16% this month, XRP has dropped over 16%, and Cardano has fallen more than 20%... leading to numerous liquidations.
Meanwhile, data released on Tuesday showed that major Exchanges recorded the largest inflow of stablecoins in the past year on that day, with a total amount reaching $2.3 billion, indicating a strong buying sentiment following the collective decline of Digital Currencies.
Stablecoins are pegged to the US dollar and are therefore viewed by the market as stable assets, often serving as one of the channels for cryptocurrency investors to convert their Digital Assets. A large inflow into stablecoins means that the upward momentum for the prices of other Digital Currencies is strengthening.
Editor/lambor
