Trump Signs Groundbreaking Crypto Executive Orders, Details Inside
President Donald Trump signed a comprehensive cryptocurrency administrative order aimed at making the United States a global leader of digital finance, which is a major measure to sign a major transformation of US policies. The focus of the new instruction is to enhance the leading position of the country in the cryptocurrency and blockchain industry, marking an important step towards the creation of digital asset supervision frameworks.
According to reports, the key details of the administrative order include Ellino Trate on Fox Business Channel:
National Digital Asset Reserve – The United States will explore the establishment of digital asset strategic reserves to ensure economic security and promote innovation in the field.
Cryptocurrency supervision clarity – A working group will be established to formulate a federal framework for managing digital assets (including stable currency) and provide clear supervision. The group will be chairman of the White House artificial intelligence and cryptocurrency Tsar David Sacks, and other members include key figures from the Ministry of Finance, the US Securities and Exchange Commission (SEC), and other related institutions.
Deliven for innovation – The order aims to cultivate a regulatory environment that supports innovation, and it is clear that the United States will not hinder emerging technologies in the field of cryptocurrencies.
Prohibit CBDC – This order also prohibits any federal agencies from creating or promoting the central bank’s digital currency (CBDC) and continues to pay attention to decentralized cryptocurrencies.
Rejected the previous restrictions – The administrative order has revoked the previous government’s previous instructions to restrict digital asset innovation, including killing the United States in the global digital financial leadership position.
Through this order, the Trump administration has taken a decisive step towards the leadership of the digital finance world. The establishment of the Presidential Working Group of the Digital Assets is expected to reshape cryptocurrencies, stablecoins and other blockchain -based innovation patterns in the next few years.
