Trump Signs Executive Order on Cryptocurrency Measures

Trump Signs Executive Order on Cryptocurrency Measures

user avatar

by Giorgi Kostiuk

2 years ago

US President Donald Trump has signed an executive order aimed at regulating the cryptocurrency industry, fulfilling his campaign promises.

Core Provisions of the Order

The executive order establishes an internal working group, led by David Sacks, to develop the US cryptocurrency industry. It prohibits the creation and use of a US central bank digital currency (CBDC) and proposes the establishment of a national crypto reserve and a regulatory framework for stablecoins.

Responses and Criticism

Trump's fulfillment of campaign promises has resulted in mixed reactions, raising legal questions about the extent of presidential power. His order overturns a March 2022 directive by Joe Biden to develop a regulatory crypto framework.

Political Implications

The executive order has sparked debates among experts about its effects. While Trump achieved his goal to prohibit CBDC and pardoned Silk Road founder Ross Ulbricht, critics continue to scrutinize his policies.

Trump's executive order on cryptocurrency is a key step in fulfilling his campaign agenda, yet it prompts discussions on the limits of presidential authority.

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

Plex Media Server Vulnerabilities Exploited for Cryptojacking

Attackers are exploiting vulnerabilities in Plex Media Server to install unauthorized cryptocurrency miners and a Linux proxy backdoor.

user avatarTomas Novak

Super League Shareholders Approve Metaplanets Bitcoin Treasury Proposal

Super League shareholders approved a proposal for Metaplanets to contribute 2,100 BTC and $25 million to a new US-listed Bitcoin treasury platform.

user avatarKaterina Papadopoulou

Sophon Sets Withdrawal Deadline Ahead of Mainnet Shutdown

Sophon has set a deadline for users to withdraw their assets by November 25 ahead of the shutdown of its standalone chain.

user avatarMaya Lundqvist

Large Hyperliquid Trader Rebuilds Ethereum Short After Significant Losses

A trader on Hyperliquid rebuilt a substantial Ethereum short position worth approximately $16 million after incurring losses of around $469,000.

user avatarLeo van der Veen

Tron Surpasses Ethereum and Solana in Blockchain Fee Revenue

Tron has generated approximately $234 million in chain revenue over the past 30 days, surpassing Ethereum and Solana.

user avatarLi Weicheng

New Reporting Requirements Proposed for Crypto Holders in France

A proposed amendment would require crypto holders to declare self-custodied assets worth over €100,000, with penalties for non-compliance.

user avatarTenzin Dorje

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.