• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Trump Signs Executive Order on Cryptocurrency Measures

Trump Signs Executive Order on Cryptocurrency Measures

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Stablecoin Growth on Solana Enhances DeFi and Payment Applications

chest

The growth of stablecoins on Solana is expected to enhance DeFi lending markets and payment applications.

user avatarMohamed Farouk

Importance of Validator Voting in XRPL Governance

chest

Validator voting is crucial for determining the activation of proposed amendments in the XRP Ledger, impacting long-term network development.

user avatarTenzin Dorje

XRP Ledger Approaches Key Validator Voting Window

chest

The XRP Ledger is approaching a critical deadline for validator voting on proposed protocol amendments that could influence future network features.

user avatarAisha Farooq

Solana's Stablecoin Market Cap Hits $15 Billion

chest

Solana's stablecoin market capitalization has surpassed $15 billion, marking a significant milestone in the network's liquidity growth.

user avatarBayarjavkhlan Ganbaatar

Anchorage Introduces Native TRX Staking for Institutions

chest

Anchorage Digital has launched a new service for institutional clients to stake TRX directly from their custody accounts, allowing them to earn rewards from the TRON network without transferring assets out of a regulated environment.

user avatarElias Mukuru

Solana's Alternative Stablecoin Supply Hits 481 Billion

chest

Solana's alternative stablecoin supply has reached 481 billion, indicating a diversification of liquidity on the network.

user avatarDiego Alvarez

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.