President Trump has issued his first crypto executive order, which prohibits federal agencies from establishing or promoting central bank digital currencies (CBDCs). The order states that CBDCs threaten financial stability, individual privacy, and the sovereignty of the United States. In contrast, President Biden's executive order took a more middle ground approach, acknowledging the potential risks and benefits of a US CBDC and directing agencies to create a report on the future of money and payment systems. Trump's order also focuses on maintaining US dollar dominance and protecting citizens from the dangers of CBDCs. Additionally, Trump established a Working Group on Digital Asset Markets, while Biden did not create any crypto-specific advisory council. The industry's excitement around Trump's order suggests potential progress, but only time will tell if it surpasses Biden's efforts.



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