President Donald Trump has signed an executive order to support the “responsible growth” of the digital assets industry.
According to a new White House memo, Trump signed an executive order yesterday promoting the use of blockchains for individuals and entities.
Other aspects of the order include protecting U.S. citizens from the risks of central bank digital currencies (CBDCs) by blocking them, promoting fair and open access to banking services for all, and defending the rights of those who choose to take custody of their belongings themselves.
“The digital assets industry plays a critical role in innovation and economic development in the United States, as well as our nation’s international leadership.
It is therefore my government’s policy to support the responsible growth and use of digital assets, blockchain technology and related technologies in all sectors of the economy.”
The order also establishes a working group — made up of people in key positions such as the treasury secretary, attorney general and homeland security adviser — that would consider building a crypto stockpile from the digital assets legally frozen by the federal government. Government.
“The working group will evaluate the potential creation and maintenance of a national stockpile of digital assets and propose criteria for establishing such a stockpile, possibly derived from cryptocurrencies lawfully seized by the federal government through its law enforcement efforts.”
Trump’s order also provides protections for miners, saying they can freely engage in development, mining and validation.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
Follow us further XFacebook and Telegram
Surf to the Daily Hodl mix
Generated image: Midjourney