Today, U.S. President Donald Trump Signed an Executive Order (EO) relating to Bitcoin and cryptocurrency, titled “Strengthening American Leadership In Digital Financial Technology”. This EO has officially prohibited the creation of a digital currency issued by a central banking institution (CBDC). United States, defining a CBDC as “a form of digital money or monetary value, denominated in the national unit of account, that is a direct liability of the central bank.”
“Except In the limits of their authority, agencies may not take any action that would establish, promote or distribute CBDCs. United States or abroad,” the order announced. “Except Any ongoing initiatives or plans at any agency that are related to creating a CBDC in the jurisdictional area of the United States shall be immediately terminated, and no further actions may be taken to develop or implement such plans or initiatives.”
The The new EO establishes a group of presidential workers to help create a federal framework for digital assets, including stablecoins. It will also evaluate creating a strategic stockpile of digital assets.
“The Working Group’s report shall consider provisions for market structure, oversight, consumer protection, and risk management,” stated the order. “The Working Group The government shall assess the possibility of creating and maintaining a digital assets stockpile at the national level and suggest criteria to establish such a store, which could be derived from cryptocurrency that has been lawfully confiscated by the Federal Government through its law enforcement efforts.”
The EO defines the term “digital asset” as any digital representation of value that is recorded on a distributed ledger — which would include cryptocurrencies such as bitcoin, digital tokens, and stablecoins.
The The stockpile of bitcoin is likely to be a part or all of the total. Last summer at The Bitcoin 2024 Conference The following are some examples of how to use Nashville, Donald Trump A national stockpile of strategic bitcoin will be created using the Bitcoins already owned by the government as a result of hacks and seizure. According The following are some of the ways to get in touch with us: Arkham Intelligence The U.S. has 198,109 Bitcoins worth more than $20.1 billion.
Following Trump’s speech at the conference, U.S. Senator Cynthia Lummis Introduced legislation that also creates a Strategic Bitcoin ReserveIt is possible to do it in another way. Her Bill would have the U.S. buy 200,000 BTC per year for five years. This However, the legislation must pass both the House The following are some examples of how to use Representatives You can also read about the Senate before making its way to the president’s desk for final approval.
So far, President Trump He has been true to his word Bitcoin Related promises that he made during the campaign. Earlier This Week President Trump Pardoned unconditionally and in full Bitcoin Pioneer and Silk Road Their website is: Ross UlbrichtThen, you can say that Trump The pledged goals are not limited to the creation of a Strategic Bitcoin ReserveThe CBDC is banned, a council/working group has been created, etc.
The Here you can find the full text of this executive order.
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