Trump's Executive Order: A New Era for Cryptocurrency in the US

user avatar

by Giorgi Kostiuk

2 years ago

US President Donald Trump signed an executive order aimed at developing the cryptocurrency industry in the country. This step is a significant event for the entire crypto industry, which has long awaited changes.

Introduction of the New Order

President Trump signed an order declaring the US a crypto-friendly country. This step is aimed at fulfilling his promise to make the US the 'crypto capital of the planet'. The order was signed a few days after Trump's inauguration.

This order helps the US become a leader in the crypto industry.

Task Force Led by David Sacks

According to the order, a Presidential Working Group is being created to develop the crypto industry in the US. It will develop a new regulatory framework and evaluate the creation of a 'strategic national digital assets stockpile'. The group is led by David Sacks, along with the Secretary of Treasury, the Chairman of the SEC, and heads of other relevant departments.

Revocation of Previous Digital Asset Restrictions

The order revokes previous crypto frameworks introduced in 2022, which limited the industry's development. In addition, the document prohibits the issuance and promotion of Central Bank Digital Currencies (CBDCs). This decision plays a key role in strengthening the crypto industry in the US.

This order and subsequent actions are aimed at strengthening the US's position as a leader in cryptocurrency, which will influence the global market and boost the development of digital assets worldwide.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Bitcoin Futures Traders Abandon Crypto for Stablecoin Margin

chest

Bitcoin futures traders have largely abandoned using Bitcoin as collateral for their positions, opting for stablecoin-backed positions to avoid risks associated with price drops.

user avatarFilippo Romano

Gold Prices Surge to Three-Month High

chest

Gold prices surged to a three-month high, reaching $4,696.18 an ounce, driven by a weaker dollar and falling Treasury yields.

user avatarEmily Carter

BNB Smart Chain Set to Activate Pasteur Hard Fork

chest

BNB Smart Chain is set to activate its Pasteur hard fork on August 25, introducing significant network changes.

user avatarKaterina Papadopoulou

TAC Halts Block Production Due to Supply Exploit

chest

TAC, a Cosmos-based EVM sidechain connected to the TON ecosystem, has halted block production after a supply-related exploit.

user avatarTomas Novak

The Need for Reliable Data in Real Estate Tokenization

chest

The need for reliable pricing data in real estate tokenization is crucial due to the unique challenges it faces compared to liquid crypto assets.

user avatarMaya Lundqvist

TON Foundation to Permanently Shut Down Legacy Bridge on September 1

chest

The TON Foundation has confirmed the permanent shutdown of its legacy bridge on September 1, requiring users to transition their wrapped TON and related assets back to native forms.

user avatarLeo van der Veen

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.