Trump Order Embraces Stablecoins, Bars CBDCs

by Lynne Marek | Payments Dive

The White House issued an executive order Thursday, January 23 giving a boost to the digital asset industry and barring federal agencies from pursuing work on a central bank digital currency.

President Trump moved quickly to support the cryptocurrency, blockchain and stablecoin spheres just days after taking office on Monday, outlining his policy related to “digital financial technology.” The order calls for the creation of a digital asset market working group to make policy recommendations to his administration.

Overall, the order seeks to “support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy.” The new policy suggests U.S. leadership internationally depends on harnessing the benefit of digital assets. Read Full Article >