President Trump issues the first crypto executive order
US President Trump issues the first crypto executive order. The 10 key points are as follows:
1. Protect and promote the ability of individual citizens and the private sector to access and use public blockchains.
2. U.S. citizens can develop and deploy software, participate in mining and verification, conduct transactions, and self-deposit digital assets.
3. To promote and protect the sovereignty of the US dollar, and to promote the development and growth of dollar-backed stablecoins.
4. Protect and promote fair and open access to banking services for all law-abiding citizens and private sector entities.
5. Provide regulatory clarity and certainty.
6. Protect Americans from the risks of CBDCs and prohibit the establishment, issuance, circulation, and use of CBDCs within the jurisdiction of the United States.
7. Revocation of Executive Order No. 14067 "Ensuring the Responsible Development of Digital Assets" and the Treasury Department's "Framework for International Engagement in Digital Assets";
8. Establish the President's Digital Asset Market Working Group.
9. Propose a federal regulatory framework to govern the issuance and operation of digital assets in the United States, including stablecoins.
10. Evaluate the possibility of establishing and maintaining a national digital asset reserve, and propose criteria for establishing such a reserve.