• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

How Trump's Order Affects US Cryptocurrency Policy: Details and Group Composition

user avatar

by Giorgi Kostiuk

2 months ago


Donald Trump signed an order to change the US approach to digital assets, creating a working group but excluding the Federal Reserve and the FDIC.

Composition and Tasks of the Working Group

The executive order established a working group comprising key officials like the Treasury Secretary, Attorney General, SEC Chair, CFTC Chair, and other agency leaders. However, the Federal Reserve and FDIC are excluded. The order bans the creation and use of US Central Bank Digital Currencies, opting instead to explore creating national crypto reserves and developing a rule for stablecoins.

Changes in Crypto Policy

Caitlin Long, founder and CEO of Custodia Bank, explained that this order could end the crypto industry's efforts to escape government control. She noted that the absence of the Federal Reserve and FDIC from the working group suggests future US stablecoin laws might not fall under central bank governance. The order is part of the US strategy to be a leader in cryptocurrency, showing the government's commitment to creating rules that encourage innovation while maintaining financial stability.

Changes in Crypto Community Expectations

There is a growing hope for a more favorable crypto ecosystem in the US. Enthusiasts expect significant regulatory shifts, although Greg Cipolaro of the New York Digital Investment Group urges caution, stating that immediate policy changes are unlikely due to the lengthy process of confirming new personnel.

Trump's executive order underlines the US ambition to lead the global crypto economy, anticipating a more dynamic regulatory environment suitable for the crypto industry.

0

Share

Other news

BlockDAG: New Horizons in Blockchain Accessibility

BlockDAG offers a unique solution for blockchain access by removing traditional barriers and opening new opportunities.

user avatarGiorgi Kostiuk

3 minutes ago

US Tariffs and Their Impact on Bitcoin and Global Markets

The US imposes new tariffs that impact Bitcoin and global markets, but positive changes may lie ahead.

user avatarGiorgi Kostiuk

5 minutes ago

AI Agents in Cryptocurrency: Overview of 10 Promising Projects for 2025

Explore the world of AI agents in the cryptocurrency industry and learn about 10 projects that will shape the market in 2025.

user avatarGiorgi Kostiuk

6 minutes ago

Dragoin ($DDGN) Launches Amid Decline of Major Tokens

The public sale of Dragoin ($DDGN) begins as interest in Dogecoin and Cardano wanes. Discover more about this new project.

user avatarGiorgi Kostiuk

6 minutes ago

News about Mantle: New Updates and Current Trends for MNT

MNT continues a bearish trend despite the launch of new products and strategies, including Mantle Banking and MI4.

user avatarGiorgi Kostiuk

7 minutes ago

Nexchain: A Promising Project at the Intersection of Blockchain and AI

Nexchain represents a new project in the blockchain market integrating AI for high speed and efficiency.

user avatarGiorgi Kostiuk

15 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.