Trump's First Executive Order: The Future of Cryptocurrency in the US

user avatar

by Giorgi Kostiuk

2 years ago

On January 23, US President Donald Trump signed his first executive order concerning cryptocurrency. This decision could significantly affect crypto users and industry leaders.

Trump's First Executive Order and Its Significance

In a televised address from the Oval Office on January 23, Trump announced the signing of an order creating an "internal working group" to bolster the US as a global leader in cryptocurrency. This act overrides a March 2022 executive order from former President Joe Biden, which directed US government agencies to establish a regulatory framework for cryptocurrency.

David Sacks' Role in the New Initiative

David Sacks, acting as the 'AI and crypto czar', will lead the task force established by the order. During his statement, the president noted that Sacks is expected to "make a lot of money" from the order.

Implications for the Cryptocurrency Industry

The new order prohibits the 'establishment, issuance, circulation, and use' of a US central bank digital currency (CBDC), and suggests exploring the possibility of creating and maintaining a national crypto stockpile and a regulatory framework for stablecoins.

This order has the potential to significantly impact the development of the cryptocurrency industry in the US. Updates will be provided as the situation evolves.

Tier I

Sector: #18291

Sealed Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Microsoft Research Introduces Magnetar for Enhanced Program Execution Proofs

Microsoft Research announces the launch of its Magnetar system, which significantly speeds up proofs of ordinary program execution using standard hash-based cryptography.

user avatarArif Mukhtar

Standard Chartered Launches Institutional Custody for Ripple USD

Standard Chartered has launched institutional custody for Ripple USD through its DIFC branch, regulated by the Dubai Financial Services Authority.

user avatarMaria Gutierrez

Samsung Wallet to Launch USDC Remittance Feature

Samsung Wallet will introduce a cross-border USDC remittance feature for eligible US Galaxy users, starting in the final week of October 2026.

user avatarDavid Robinson

Circle and Tereina Collaborate to Enhance Payment Systems with Stablecoins

Circle and SAP-backed Tereina have announced a partnership to integrate USDC and EURC payments into Tereina's enterprise payment infrastructure, starting with SAP Cloud ERP.

user avatarAndrew Smith

FCA Opens Crypto Authorisation Gateway for Firms

The Financial Conduct Authority (FCA) has opened its authorisation gateway for crypto businesses, starting the application period for compliance with new regulations effective October 25, 2027.

user avatarJacob Williams

Visa, BILL, and Billtrust Pilot AI Agents for Invoice Payments

Visa, BILL, and Billtrust have launched a pilot program to use AI agents for automating approved invoice payments through supplier portals.

user avatarZainab Kamara

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.