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Home»Regulation»Trump signs the executive order that is aimed at supporting ‘responsible growth’ of the crypto industry
Trump signs the executive order that is aimed at supporting 'responsible growth' of the crypto industry
Regulation

Trump signs the executive order that is aimed at supporting ‘responsible growth’ of the crypto industry

2025-01-24No Comments2 Mins Read
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President Donald Trump has signed an executive order to support the ‘responsible growth’ of the digital assets industry.

According to a new memo released by the White House, Trump signed an executive order yesterday in which the use of block chains for individuals and entities was promoted.

Other aspects of the order include protecting American citizens against the risks of digital currency of Central Bank (CBDCs) by breaking them, to promote fair and open access to bank services for everyone and defending the rights of those who choose to do it To connect their assets themselves.

“The digital assets industry plays a crucial role in innovation and economic development in the United States, as well as the international leadership of our country.

It is therefore the policy of my administration to support the responsible growth and use of digital assets, blockchain technology and related technologies in all sectors of the economy. ”

It also establishes a working group – consisting of people in important roles such as the secretary of the treasury, the attorney -general and the Homeland Security Advisor – who would consider creating a crypto stock from the digital assets that are legally frozen by the federal Government.

“The working group will evaluate the potential creation and maintenance of a national digital assets stock and propose criteria for determining such a stock, possibly derived from cryptocurrencies seized by the federal government by its law enforcement efforts.”

The order of Trump also determines protection for miners and says that they could develop freely, mines and validation.

See also  Can Terra Classic (LUNC) Price Reach $1? Crypto expert weighs in

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