Trump has issued a comprehensive order for cryptocurrencies to ban digital currencies for central banks and the study of the national stock – DL News
- US President Donald Trump signed a lengthy executive on encrypted currencies on Thursday.
- The main encrypted currencies decreased due to the news.
On Thursday, US President Donald Trump demanded a large -scale executive order to conduct a comprehensive reform of the cryptocurrency policy in addition to a study that would assess the creation of a “national stock of digital assets”.
The president also banned the central bank currencies, CBDCS, and established a “new working group on digital asset markets” that will include senior economic officials, law enforcement officials and national security, according to a report. Stipulate She was shared on the White House site.
Through the executive order, Trump, the former skeptical of encrypted currencies, respected many of the obligations that he made during his presidential campaign to gain support for the encrypted currency industry.
However, the main cryptocurrencies decreased after the deployment of the executive order.
One of the possible reasons: It stipulates that the coded currency stock is “likely to be.” [be] Dear from the encrypted currencies that the federal government legally seized through law enforcement efforts. “
Some supporters of encrypted currencies have hoped that the promised stock will include the purchase of cryptocurrencies, rather than just keeping the already encrypted currencies.
Bitcoin, XRP and Solaa decreased by more than 2% due to the news. Ethereum price decreased more than 1%.
Cold promises and fulfill them
Trump described Bitcoin as a “fraud against the dollar” in 2021.
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He began changing his accent in May last year, when he said to a crowd of people gathered in his resort in Florida, Marago, “If you support encrypted currencies, it is better to vote for Trump.”
At the Bitcoin conference in June, he went further and pledged to retain the encrypted currencies that law enforcement was seized, preventing the development of digital currencies of central banks, pardoning the founder of Silk Ross Olbricht, defending the self -guarding of digital assets, and signing “written” laws. By people who love your field. “
But his biggest advertisement on that day was his promise not to sell the US government’s bitcoin.
On Tuesday, Trump announced that he had issued an unconditional pardon for Ulbricht, who was serving a life sentence to create a silk road, a dark Internet market where users can use bitcoin to buy drugs and other illegal goods and services.
It appears that the executive order issued on Thursday respects the promises of the president.
Within 60 days, the Treasury, the Ministry of Justice, the Securities and Exchange Committee will have to recommend changes in any laws that affect digital assets.
Within 180 days, the newly established “working group on digital asset markets” will have to recommend a “federal regulatory framework” that rules “the issuance and operation of digital assets. The draft law that led to the division of industry in the House of Representatives was passed last year with the support of the two parties, but died in the Senate.
This working group will head David Sachs, who was appointed by Trump as an official in charge of cryptocurrencies and artificial intelligence. It will also include heads of the Treasury, the Ministry of Trade, the Securities and Stock Exchange Committee, the Justice Trading Committee, the Ministry of Justice, the Ministry of Internal Security, and other agencies.
It is also prohibited to develop digital currencies for central banks; Eliminate Notes It is the administration of President Joe Biden, Trump’s ancestor, which focused on the risks posed by the encrypted currency industry; The Trump administration’s commitment to self -guardian and “fair and open access to banking services” announced.
“President Trump has promised to make this administration the most supportive assets of digital technology in the history of the United States, and during these first days, he has already fulfilled this promise,” said Senator Centeh Lomes, the Republic of Wyoming. He said.
Alex Gilbert is DLL News New York -based Defi correspondent. You can contact it on Aleks@dlNews.com.
