#TrumpCryptoOrder Copied
Trump issues first executive order on digital currencies.. Will it change the market balance?
A new executive order was issued by President Donald Trump aimed at strengthening a federal policy to regulate the digital currency market. This move aims to support innovation and make the United States a major center for this industry, but it has raised mixed opinions among digital currency supporters due to some aspects that seemed incomplete or vague.
Objectives of the new executive order
The executive order was issued on January 23, 2025, and focuses on providing a supportive regulatory environment for the digital currency industry, and seeks to ensure the protection of the rights of American citizens who participate in legal activities related to digital currencies. The plan included the creation of a stock of digital assets, but it did not include the creation of a strategic reserve dedicated to Bitcoin, which has sparked criticism from some
parties.
The move involved forming a working group led by David Sachs, a cryptocurrency and AI entrepreneur, that includes representatives from bodies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), as well as other agencies, tasked with reviewing current cryptocurrency regulations within 30 days, making recommendations within 60 days, and submitting a final report within 180 days.
