The crypto market has been rocked by volatility, with Bitcoin (BTC) dropping to $91,231 in the past 24 hours before rebounding to $98,499.3. The recent downturn was largely triggered by Trump’s tariff policies, yet the presence of a pro-crypto administration in the U.S. remains a significant long-term factor for market growth.
What’s Happening on February 4?
President Donald Trump previously announced plans to establish a dedicated crypto task force. In addition, executive orders were issued directing government agencies to explore key blockchain-related issues. Furthermore, the White House has formed a specialized Artificial Intelligence (AI) and crypto unit, placing industry advocate David Sacks at the helm.
On February 4 at 2:30 PM EST, Sacks will hold a press conference titled:
“How the Trump Administration and Congress Will Work Together to Position America as a Leader in the Digital Asset Ecosystem.”
This event will mark a significant moment in U.S. crypto policy, as discussions within the White House regarding digital asset regulations and advancements have never been this structured before. More importantly, it will solidify the Trump administration’s commitment to fostering a pro-crypto environment.
What This Means for Crypto Investors
The upcoming press conference could provide clarity on how the U.S. government plans to regulate and support the digital asset industry. Market analysts are closely monitoring whether new incentives or regulations will be announced. The potential policy shifts discussed could influence not just the American market but global crypto adoption.
As the industry watches closely, stay tuned to Dey There for timely updates and expert insights on this crucial event.
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