News Alert

Trump Bans Digital Currency Plans!

President Donald Trump has signed a new order about cryptocurrencies like Bitcoin. Here’s what it means in simple terms:

What the Order Says:

No Digital Dollar (CBDC): The government is now banned from creating an official digital version of the U.S. dollar.

Bitcoin Stockpile: A group will study the idea of building a large reserve of Bitcoin, possibly using coins taken from criminals. The U.S. government already holds over 198,000 bitcoins, worth over $20 billion.

New Crypto Rules: A team will be set up to create rules for all digital currencies, including stablecoins. They’ll focus on safety, market control, and protecting users.

What This Means:

Bitcoin Reserve Plan: There's a proposal to buy 1 million bitcoins over 5 years to build a U.S. Bitcoin Reserve.

No CBDC: This ban means the U.S. won't have a digital dollar anytime soon. It may help stablecoins grow instead.

Trade Tensions: Trump's trade policies, including taxes on goods, may affect how crypto is used in international trade.

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