Potential formation of a committee: CICC indicates that Trump could create a Cryptocurrency Advisory Committee. This move may lead to evaluating Bitcoin as a strategic reserve asset. However, the process could be lengthy and complex, impacting the U.S. Dollar’s global reserve status.
Challenges in adopting digital currencies: Despite the anticipated growth in cryptocurrency payments, Trump’s firm stance against a digital dollar might hinder its implementation. Heightened stock market volatility could also arise as cryptocurrencies take on a larger role in global investments.
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