#TrumpCryptoOrder

Trump Issues Pro-Crypto Executive Order, Halts CBDC Development

U.S. President Donald Trump has signed an executive order fostering a supportive environment for cryptocurrencies in the U.S. The directive aims to establish policies promoting digital asset growth and includes exploring a potential "digital asset stockpile." A working group, led by crypto advisor David Sacks and key regulators like the SEC and CFTC, will assess the feasibility of this reserve.

The order protects lawful crypto participants from legal repercussions and prohibits any work on a U.S. central bank digital currency (CBDC) during Trump's term. Following the announcement, Bitcoin briefly surged to $106,000 before settling at $103,500. This move signals a significant policy shift, providing optimism for the cryptocurrency industry.