Shortly after taking office as President of the United States of America, Republican leader Donald Trump, known for his pro-cryptocurrency stance, reversed several controversial measures taken by his predecessor Joe Biden.
More importantly, he rescinded an executive order that was intended to create a framework for regulating AI in the United States, indirectly declaring his position on the Web 3 sector, AI, blockchain, and cryptocurrencies.
Meanwhile, experts like Eleanor Terret argue that Trump will take more aggressive measures necessary to support the sector’s future. Let’s explore. Join!
Trump’s executive orders: What to expect?
Most exports, including Teret, are confident that Trump will issue an executive order announcing the creation of a cryptocurrency advisory board.
Sources familiar with this development indicate that an employers’ organization would create an ideal forum to bring together policymakers and business leaders.
The establishment of such a forum is necessary to establish meaningful policies for the growth of the cryptocurrency sector, cryptocurrency enthusiasts believe.
CBDC ban speculation
Teret reveals that Trump may also issue an executive order banning the creation of a central bank digital currency.
In March 2022, Joe Biden, then US President, signed the Executive Order on Ensuring the Responsible Development of Digital Assets, which discussed the possibility of developing a US central bank digital currency.
Uncertainty about timing
It is worth noting that the new administration has not yet announced any aggressive policies in favor of the cryptocurrency sector, contrary to general expectations that Trump will announce some pro-crypto policies within hours of his appointment.
Although he is very optimistic about the prospect of some exciting tokens supporting the crypto sector, Teret admits that it is difficult to predict the exact timing of each pro-crypto token release.
In conclusion, Trump’s expected executive orders could redefine the cryptocurrency landscape in the United States, promoting innovation while curbing centralized digital currencies.
