TechFlow News, January 24 — According to Fortune, U.S. President Trump signed an executive order on cryptocurrencies, establishing a stance supporting the development of digital assets and blockchain technology. The order includes several key initiatives:
- Establishment of the "President's Working Group on Digital Asset Markets":
- Chaired by AI and cryptocurrency special advisor David Sacks, with members including the chairs of the SEC and CFTC; the group will assess existing cryptocurrency regulations and develop a regulatory framework to support industry growth;
- Exploration of a National Digital Asset Reserve:
- Study and establish standards for creating the reserve, considering the use of lawfully seized cryptocurrencies obtained through government enforcement actions;
- Trump has previously publicly supported establishing a federal Bitcoin reserve as a hedge against inflation;
- Explicit ban on CBDCs:
- Prohibits any government agency from issuing central bank digital currencies (CBDCs), citing concerns that CBDCs could lead to "absolute control" over individuals' funds by the government;
- Favors stablecoins as a solution for cross-border payments;
- Repeal of Biden-era policies:
- Rescinds the cryptocurrency regulatory executive order signed by Biden in 2022.
Add to Favorites
Share to Social Media
