A company that is changing the way the world mines bitcoin

coinpedia 2025-01-24 03:31:03

Big News: Trump Signs Groundbreaking Crypto Executive Orders, Details Inside

The post Big News: Trump Signs Groundbreaking Crypto Executive Orders, Details Inside appeared first on Coinpedia Fintech News In a big move that signals a major shift in U.S. policy, President Donald Trump has signed a sweeping crypto executive order aimed at making America the global leader in digital finance. The new directive is focused on advancing the nation’s dominance in the cryptocurrency and blockchain industries, marking a major step toward creating a regulatory framework for digital assets. Key details of the executive order include, as revealed by Fox Business’ Eleanor Terrett: National Digital Asset Stockpile – The U.S. will explore the creation of a strategic reserve of digital assets to ensure economic security and boost innovation in the space. Regulatory Clarity for Crypto – A working group will be set up to develop a federal framework governing digital assets, including stablecoins, and offer clarity on regulation. The group will be chaired by White House AI & Crypto Czar, David Sacks, alongside key figures from the Treasury, SEC, and other relevant agencies. Commitment to Innovation – The order aims to foster a regulatory environment that supports innovation, making clear that the U.S. will not stand in the way of emerging technologies in the crypto sector. Ban on CBDCs – The order also prohibits any federal agency from working on the creation or promotion of Central Bank Digital Currencies (CBDCs), maintaining a focus on decentralized cryptocurrencies. Reversal of Previous Restrictions – The executive order revokes earlier directives from the previous administration that restricted digital asset innovation, including a framework that stifled U.S. leadership in global digital finance. With this order, Trump’s administration has taken a decisive step toward securing a leadership position in the digital finance world. The creation of the Presidential Working Group on Digital Assets is expected to reshape the landscape for cryptocurrencies, stablecoins, and other blockchain-based innovations in the coming years.