Revocation of Biden's Orders: Donald Trump Aims for Cryptocurrencies and AI

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by Giorgi Kostiuk

2 years ago

Recently elected US President Donald Trump has revoked several actions by his predecessor Joe Biden, including AI regulation, indicating interest in Web3, blockchain, and cryptocurrencies.

Trump's Executive Orders: What's Expected?

Experts, including Eleanor Terrett, believe Trump will issue an executive order to create a cryptocurrency advisory council. Sources suggest this order would establish a forum for policymakers and business leaders, deemed necessary for the sector's development.

CBDC Ban Speculation

Terrett reveals Trump might issue an executive order banning the creation of a Central Bank Digital Currency (CBDC). In March 2022, Joe Biden signed an order discussing the possibility of developing a US CBDC.

Uncertainty Around the Timing

The new administration has yet to announce any aggressive pro-crypto policies, contrary to expectations. Though optimistic about potential EO releases, Terrett admits predicting their exact timing is challenging.

Trump's anticipated executive orders could reshape the US crypto landscape, fostering innovation while curbing centralized digital currencies.

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