Trump Orders Ban on Central Bank Digital Currencies and Eases Regulations in the Crypto Industry

U.S. President Donald Trump signed an executive order aimed at enhancing the United States' leadership in the field of digital assets and financial technology, indicating his administration's support for the responsible use of digital assets and blockchain technology.

According to the statement published on the White House's website on Thursday, federal agencies are prohibited under this executive order from issuing or promoting central bank digital currencies within or outside the United States.

Trump also ordered the establishment of a task force focused on digital asset markets, chaired by the President's advisor on artificial intelligence and cryptocurrencies, which will develop a federal regulatory framework for the industry and assess the creation of a strategic reserve for digital assets.

Additionally, measures will be taken to protect Americans from the risks posed by central bank digital currencies, which he stated threaten the stability of the financial system, individual privacy, and U.S. sovereignty.

Regarding the U.S. currency, he clarified that the order aims to protect the sovereignty of the dollar, through actions aimed at enhancing the development and growth of legally backed stablecoins around the world.

What does this mean? The illegality of Bitcoin and others?! Please share your opinions 🌏$BTC $BNB