❤President Trump Signs New Executive Order on Cryptocurrencies ❤♥️
The executive order establishes the Presidential Task Force on Digital Asset Markets, with the goal of advancing U.S. leadership in digital finance.
The force will be tasked with developing a federal regulatory framework for digital assets, including stablecoins, as well as studying the creation of a national strategic reserve of digital assets.
The Presidential Task Force is to be chaired by the White House’s Director of Artificial Intelligence and Digital Currencies, David Sacks, and will include the Secretary of Treasury, the Chairman of the Securities and Exchange Commission, and the heads of other relevant departments.
The White House Director of Artificial Intelligence and Digital Currencies will collaborate with leading experts in the field of digital assets and digital markets to ensure desired outcome.
The executive order directs departments and agencies to identify and make recommendations to the task force on any existing regulations or procedures affecting the digital assets sector that should be repealed or modified.
The executive order prohibits agencies from taking any action to create, issue, or promote central bank digital currencies.
The new executive order repeals the previous administration’s Digital Assets Executive Order and the Treasury Department’s Framework for International Cooperation on Digital Assets, which stifled innovation and undermined U.S. economic freedom and global leadership in digital finance.
