U.S. President Donald Trump signed an executive order banning the creation of a central bank digital currency (CBDC) in the U.S. The order stipulates that agencies cannot establish or promote CBDCs and must terminate any ongoing initiatives related to their development. Additionally, a presidential working group will be formed to develop a federal regulatory framework for digital assets, including stablecoins, and assess the potential establishment of a national digital assets stockpile. This stockpile may be primarily comprised of bitcoin, considering it as a fundamental part of the digital asset landscape.
Today, U.S. President Donald Trump signed an executive order related to Bitcoin and cryptocurrency, officially banning the creation and issuance of a central bank digital currency (CBDC).
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