Donald Trump’s Executive Orders on Cryptocurrency 📈
The White House has published a new release outlining key measures:
🔘 Establishing a cryptocurrency task force to strengthen the U.S.’s leadership in digital finance.
🔘 Task force objectives:
• Develop a regulatory framework for the crypto market (including stablecoins).
• Plan the potential creation of a crypto reserve.
🔘 Appointing David Sacks as the “crypto czar” to coordinate the group’s efforts.
🔘 Expert qualification control: Sacks will recruit the best specialists in the field of digital assets.
🔘 Executive Order:
• Regulators are required to coordinate regulations and actions with the task force.
• A complete ban on the issuance of CBDCs by government agencies.
🔘 Repealing the previous administration’s orders, which restricted the development of the crypto industry and weakened the U.S.’s economic freedom.
These measures are aimed at strengthening the U.S.’s position as a global leader in digital finance.
In the medium term, this is a very bullish signal. We’re likely to see a proper crypto bull run soon… However, it’s concerning that everyone is hyping this bull run right now.
In past cycles, it looked like this:
1. Things were very quiet—no one was interested in or pushing crypto.
2. The market grew steadily and linearly.
3. When prices became overheated, the media started pushing similar news.
4. The market unloaded, and a bearish phase followed.
What’s concerning now: the U.S. stock market is overheated, BTC is overheated, and altcoins lack sufficient liquidity.
