US President Donald Trump has signed the first executive order for the crypto sector: No to CBDCs, yes to Stablecoins and Bitcoin reserves

America Leads Crypto Industry

The first executive order related to the cryptocurrency sector was signed by President Donald TRUMP.

“Strengthening American leadership in digital financial technology” reports the first official document, towards a goal that seems ever closer.

The document opens with a general opening towards the sector:

• Maximum openness towards the use and development of public and private blockchains.
• Promote the development and growth of Stablecoins, especially those related to the dollar that use government bonds as collateral.
• Regulatory clarity with neutral regulations.
• The establishment, issuance and circulation of CBDCs issued by central banks is prohibited.
• Creation of a working group on the digital asset market.
• Evaluation of a strategic reserve in Bitcoin and crypto.

Opposition to CBDCs and First Hints of a Crypto Reserve

A document that officially marks a turning point for the sector. An obstacle to the objectives of central banks, which see the developments for their CBDCs fading. In fact, any initiative for the creation, issuance and distribution of CDBC "Central Bank Digital Currency" will be prohibited, considered as an obstacle that threatens the stability of the financial system, individual privacy and the sovereignty of the United States.

The dedicated working group on digital activities, in addition to working for the regulation of the sector, will have the task of evaluating the introduction of the famous strategic reserve in crypto-assets.

Although not much is specified about this strategic reserve, it initially speaks of assets owned by the government through seizures and does not mention government purchases. A half success for the sector, which is waiting to observe the developments in the months to come.

This starting point nevertheless marks a significant turning point, laying the first pieces for what many define as "MASS ADOPTION", which is now clear, will never start from the small private sector, but will be a direction taken by governments and large institutions.