Trump, along with Crypto Czar David Sacks and Senate Banking Subcommittee on Digital Assets Chair Cynthia Lummis, has recently been engaged in the crypto space. Let's get more of this:
Trump bans CBDC
President Donald Trump has released an executive order titled "Strengthening American Leadership in Digital Financial Technology." The order prohibits federal agencies from developing, producing, or promoting a Central Bank Digital Currency (CBDC) in the United States or internationally without due process of law.
My Point
This is an attempt to build a crypto regulatory framework in the United States, with an emphasis on economic freedom over political pressure. However, That wouldn’t stop Democrats from authorizing agencies through legislation in their states.
Crypto and Bitcoin strategic reserve
The Crypto Executive Order with Crypto Czar David Sacks has been issued by Trump. Social media is abuzz with debate, whether it is about Bitcoin or Altcoins. However, Senator Lummis recently became chair of the Senate Banking Subcommittee on Digital Assets, and she supports the strategic Bitcoin reserve. Hence I believe Trump has supported every cryptocurrency without neglecting Bitcoin.
Originally published at Grill, and on Wubits
