Coinbase executive: What Trump needs to do is show that the United States is ready to lead the way in the crypto industry

Odaily News Trump vowed to sign a series of executive orders covering different industries and issues in the first few days of returning to the White House. Kara Calvert, vice president of U.S. policy at Coinbase Global Inc., said: "I think what Trump will do is to show that the United States is back and we are ready to lead the way in this industry. This is a signal to other countries: Be careful, otherwise you will not be able to keep up." Despite facing regulatory setbacks during the Biden administration, the development of cryptocurrencies in the United States is still expanding. Several major financial companies, including BlackRock Inc., the world's largest asset management company, launched Bitcoin and Ethereum spot exchange-traded funds (ETFs) last year. Bank of New York Mellon (BNY) has been working to expand its cryptocurrency custody business, while Cantor Fitzgerald announced plans to launch a Bitcoin financing business. (Bloomberg)