President Trump issued an executive order to bolster the cryptocurrency industry, establishing a working group to formulate regulatory proposals. The order emphasized the industry's vital role in innovation and international leadership. Trump's significant personal investments in the crypto sector, including his involvement in a crypto company and selling memecoins, have surfaced ethical concerns. However, while the order is aimed at facilitating digital asset growth, it lacks specific actions on ongoing lawsuits against crypto companies or federal cryptocurrency purchases.
President Trump’s executive order aims to support the cryptocurrency industry’s growth amidst criticism of potential conflicts of interest due to his personal investments.
The new administration's working group on digital assets intends to propose regulations, evaluate a national cryptocurrency stockpile, and recognize the digital asset industry's role in economic development.
Collection
[
|
...
]