tl;dr
President Donald Trump has signed an executive order to support the "responsible growth" of the digital assets industry. The order promotes the use of blockchains for individuals and entities, protects US citizens from risks of Central Bank Digital Currencies (CBDCs), promotes fair and open access t...
President Donald Trump has signed an executive order to support the "responsible growth" of the digital assets industry. The order promotes the use of blockchains for individuals and entities, protects US citizens from risks of Central Bank Digital Currencies (CBDCs), promotes fair and open access to banking services, and defends the rights of those who self-custody their assets.
It establishes a Working Group to consider creating a national digital asset stockpile from legally frozen digital assets and provides protections for miners to engage in developing, mining, and validating.
According to a new memo released by the White House, Trump signed the executive order yesterday promoting the use of blockchains for individuals and entities. Other aspects of the order include protecting US citizens from the risks of Central Bank Digital Currencies (CBDCs) by barring them, promoting fair and open access to banking services for all, and defending the rights of those who choose to self-custody their assets.
The order also establishes a Working Group, comprising key figures such as the Secretary of the Treasury, the Attorney General, and the Homeland Security Advisor, that would consider creating a crypto stockpile out of the digital assets legally frozen by the Federal Government.
Trump’s order also establishes protections for miners, stating that they could freely engage in developing, mining, and validating.