In January 2024, President Donald Trump issued an executive order banning the establishment, issuance, and use of Central Bank Digital Currencies (CBDCs) in the United States. The order aims to promote blockchain innovation and ensure privacy and financial sovereignty for US citizens. The ban sets a precedent for other countries considering CBDC projects and may impact global cryptocurrency regulations. The order also establishes a Presidential Working Group to create a national regulatory framework for digital assets, including stablecoins. While the ban reinforces the US preference for private-sector innovation, the regulatory landscape in the digital asset space remains uncertain.



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