#TrumpCryptoOrder

On January 23, 2025, President Donald Trump signed an executive order to regulate and promote the cryptocurrency industry, aiming to establish the United States as a global leader in digital finance. The order prohibits the creation of a central bank digital currency (CBDC) in the U.S. and revokes previous directives that were less favorable to cryptocurrencies. It also establishes the Presidential Working Group on Digital Asset Markets, led by David Sacks, which is tasked with presenting regulatory proposals within 180 days. The order emphasizes protecting access to blockchain networks and promoting the development of dollar-backed stablecoins. Following the announcement, Bitcoin’s price experienced a slight decline, trading around $103,000.

- Investor’s bussiness daily