Having President Donald Trump and his administration supporting the cryptocurrency industry is “amazing” and is leading to confidence in the technology, Michael Zuccarelli, co-founder of Terra Hosting, told Newsmax on Tuesday.
“This is great,” Zuccarelli said on “National Report.” “I’ve spoken about this a lot. Had the other administration maybe in power, there would be a lot of fear in the market right now. President Trump is backing the market. There’s a lot of innovation happening, and it’s ultimately great for the U.S. economy.”
The Securities and Exchange Commission’s crypto task force has been meeting with industry leaders to discuss tokenization and trading, with a goal of moving away from regulation by enforcement, Newsmax reported Tuesday.
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