• 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

3 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

MAGACOINFINANCE: Crypto Investors Turning Attention to New Token

The cryptocurrency MAGACOINFINANCE is drawing attention as XRP and Solana continue to show strength.

user avatarGiorgi Kostiuk

8 minutes ago

AI Agents from Unstaked: Revolutionizing Crypto Usage

Unstaked introduces AI agents that promise automation and real results for users in the crypto world.

user avatarGiorgi Kostiuk

13 minutes ago

Michael Saylor: BlackRock IBIT Could Become the Largest ETF in the World

Michael Saylor predicts BlackRock's Bitcoin ETF will rank first among ETFs within ten years.

user avatarGiorgi Kostiuk

29 minutes ago

DeFi Development Corp Plans to Raise $1 Billion for Solana Token Purchases

DeFi Development Corp files with SEC to raise $1 billion targeting an increase in its Solana token holdings.

user avatarGiorgi Kostiuk

29 minutes ago

Raphael Coin Unveils Tokenized Renaissance Piece: A New Era for Art

Raphael Coin has launched the token 'Recto: Study for the Battle of the Milvian Bridge', offering fractional ownership of a Renaissance artwork.

user avatarGiorgi Kostiuk

30 minutes ago

MAGACOINFINANCE: New Opportunities and Growth Predictions

Analysis of the growing interest in MAGACOINFINANCE and the opportunities it offers against other cryptocurrencies.

user avatarGiorgi Kostiuk

31 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.