President Donald Trump has enacted an executive order to create a working group focused on cryptocurrency. This initiative aims to develop new regulations for digital assets while addressing various aspects of the cryptocurrency landscape.
This order includes several key measures:
- Safeguarding banking services for cryptocurrency firms.
- Banning the establishment of a U.S. central bank digital currency.
- Reversing earlier SEC guidance that has hindered the adoption of cryptocurrencies.
In a notable development, Brian Moynihan, the CEO of Bank of America, has expressed support for incorporating cryptocurrency payments into the U.S. financial system, pending regulatory approval. He highlighted the potential of stablecoins to improve payment efficiency during remarks at the World Economic Forum. This indicates a shift in the bank’s approach, as it now invests significantly in blockchain technology and partners with platforms like Paxos.
Additionally, Telegram has chosen The Open Network (TON) as its exclusive blockchain partner. This collaboration will utilize TON’s features to support a mini-app platform and enable blockchain transactions via the TON Connect wallet protocol. As part of this partnership, Toncoin will be the only cryptocurrency accepted for payments on Telegram, covering:
- Advertisements
- Subscriptions
- Rewards
Furthermore, there are plans to tokenize digital assets such as emojis and NFTs solely on the TON platform.
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