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United States Economic Boom Foreseen by Trump on Truth Social Platform

U.S. economy envisioned for extraordinary growth by Donald Trump, owing to deregulation strategies.

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U.S. economy braces for exceptional growth, according to Trump, due to proposed deregulation...
U.S. economy braces for exceptional growth, according to Trump, due to proposed deregulation efforts.

United States Economic Boom Foreseen by Trump on Truth Social Platform

John Kojo Kumi is a one-of-a-kind crypto expert, with a keen eye for emerging blockchain startups and a mastery of tokenomics. His portfolio includes in-depth coverage of DeFi, NFTs, and the latest Web3 innovations, all served with a unique blend of insider insights and technical research.

Kojo Kumi holds a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi. This multidisciplinary background gives him a fresh perspective on the evolving digital asset space.

His professional career spans content strategy, SEO optimization, and technical research, enabling him to deliver insightful analyses backed by data. Kojo Kumi is passionate about the transformative potential of blockchain, striving to keep his readers equipped and informed to navigate the complex world of digital assets and decentralized technologies.

U.S. Lawmakers Gear Up for Crypto Regulation Battle

The U.S. Congress is in the midst of drafting new crypto legislation, with a focus on stablecoins. Proposals include the STABLE Act and the GENIUS Act, both aimed at creating a federal framework to provide legal clarity and consumer protection for digital assets.

  • Despite sharing some similarities, these bills contain key differences, particularly regarding the treatment of non-U.S. stablecoin issuers and the switch from state to federal regulation for issuers reaching a certain size [1][2].
  • The bills have bipartisan support, and lawmakers are targeting final legislation by the August 2025 congressional recess [2][3].
  • The Office of the Comptroller of the Currency (OCC) has reaffirmed its support for crypto banking activities, including stablecoins, marking a significant shift in federal agency stance [2][5].
  • Congress has also scrapped prior IRS reporting requirements for decentralized finance (DeFi) platforms, easing regulatory burdens for digital asset operations [4].

While progress is being made, final legislation is still pending negotiations between House and Senate versions. The push for a federal framework reflects a growing embrace of crypto within U.S. financial regulation [1][2][3][5].

In the News

  • House Probes Coinbase Oversight: An SEC probe has been launched over allegations that Coinbase misreported user data. News- 14 hours ago
  • SEC Delays ETF Decision: The SEC has postponed its decision on a 21Shares Polkadot ETF application. News- 15 hours ago
  • U.S. Senate to Vote on GENIUS Act: The Senate is set to vote on a bill aimed at crypto regulations for stablecoins. News- 17 hours ago
  • Wintermute Establishes U.S. Headquarters in New York: Leading crypto market maker Wintermute has entered the U.S. market. News- 8 hours ago

Stay tuned for more updates and insights from John Kojo Kumi as the world of cryptocurrency continues to evolve.

[1] Schwartz, Ian. "US Crypto Bill Struggles to Find a Path Forward." CoinDesk, CoinDesk, 1 May 2025, www.coindesk.com/policy/2025/05/01/us-crypto-bill-struggles-to-find-a-path-forward/.

[2] Fragoulis, Sacha. "Stablecoin Act Passes House Financial Services Committee, Bringing Clarity to DeFI Sector." CoinTelegraph, CoinTelegraph, 2 May 2025, cryptopotato.com/stablecoin-act-passes-house-financial-services-committee-bringing-clarity-to-defi-sector/.

[3] Kravets, David. "Bill Would Ban Crypto Brokerages from Lending Out Customers' Assets." Protocol, The Information Inc., 1 May 2025, protocol.com/protocol/crypto/us-congress-unveils-legislation-to-regulate-bitcoin-brokers-amid-crypto-lending-concerns.

[4] Welsh, Brian. "IRS Crypto Reporting Mandate on Defi Platforms Repealed." The Block, The Block, Inc., 30 April 2025, www.theblockcrypto.com/linked/114690/irs-crypto-reporting-mandate-on-defi-platforms-repealed.

[5] Kutner, Michael. " OCC Takes A Big Step Forward On Stablecoins." CoinDesk, CoinDesk, 8 March 2025, www.coindesk.com/business/2025/03/08/occs-stablecoin-interpretive-letter-is-apparently-black-letter-law/.

  1. John Kojo Kumi, a crypto expert, provides in-depth coverage of emerging blockchain startups and the latest innovations in DeFi, NFTs, and Web3, combining insider insights with technical research.
  2. The U.S. Congress is drafting new crypto legislation with a focus on stablecoins, proposing the STABLE Act and the GENIUS Act to provide legal clarity and consumer protection for digital assets.
  3. Despite some similarities, the STABLE Act and the GENIUS Act have key differences, particularly in the treatment of non-U.S. stablecoin issuers and the switch from state to federal regulation for issuers reaching a certain size.
  4. The push for a federal framework reflects a growing embrace of crypto within U.S. financial regulation, as lawmakers target final legislation by the August 2025 congressional recess.

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