During a recent Crypto Summit at the White House, US President Donald Trump met with crypto industry leaders, marking the first time US lawmakers and the crypto world convened under one roof. Trump tasked the SEC’s Crypto Task Force with delivering proposed regulations for cryptocurrencies and stablecoins by the end of August. This gives the task force five months to finalize their research and recommendations. The significance of this meeting and the tight deadline underscores the growing importance of cryptocurrency regulation in the United States and the urgency with which the Trump administration is approaching the issue. The outcome of the SEC’s task force work could significantly shape the future of the crypto industry within the US.
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