#TRUMP #BTC US President Donald Trump signed an order to stimulate the development of the cryptocurrency industry. This is stated in a message on the White House website from May 30. The goal is to create favorable conditions for the development of the industry in the US and the formation of a national reserve of digital assets. Although executive orders usually do not have significant legal force, they set the tone for the administration's policy on specific issues, writes CoinDesk.

What the document proposes

Protection of Americans from prosecution for developing software, mining, validating, or other operations with cryptocurrencies.

Creation of a working group led by the White House advisor on artificial intelligence and cryptocurrencies, David Sachs.

The working group is to "assess the possibility of creating and supporting a national reserve of digital assets."

A ban on the creation, issuance, and promotion of central bank digital currencies (CBDCs) in the US and abroad.

Repeal of Joe Biden's executive order 14067 from March 9, 2022, titled "Ensuring Responsible Development of Digital Assets."