#TrumpCryptoOrder

US President Donald Trump recently signed an executive order aimed at establishing the United States as a leader in digital financial technology. This order prohibits the creation of central bank digital currencies (CBDCs) and establishes a Presidential Working Group on digital asset markets ¹ ² ³.

The working group will be tasked with developing a federal regulatory framework governing digital assets, including stablecoins, and evaluating the creation of a strategic national digital asset stockpile. This move is seen as a significant shift in institutional cryptocurrency adoption, with some industry experts calling it a "game-changer" ².

The executive order also directs departments and agencies to identify and recommend regulations and agency actions affecting the digital assets sector that should be rescinded or modified. Additionally, it revokes previous administration policies that suppressed innovation and undermined US economic liberty and global leadership in digital finance ¹.

Overall, Trump's crypto order aims to promote innovation, protect economic liberty, and establish the US as a leader in the digital asset economy.