President Donald Trump has signed an Executive Order to enhance American leadership in digital finance, endorsing Bitcoin and open blockchain networks while prohibiting Central Bank Digital Currencies (CBDCs). The order promotes access to decentralized networks, supports software development and asset custody, and emphasizes the strategic role of dollar-backed stablecoins in maintaining U.S. currency competitiveness. It aims to establish clear, technology-neutral regulations to remove uncertainties in the blockchain sector, promoting innovation and responsible growth in digital assets.
The Executive Order encapsulates a significant shift toward supporting Bitcoin and emphasizes the accessibility of decentralized networks for all citizens.
By promoting the responsible growth of digital assets, the order emphasizes a technology-neutral regulatory environment, aiming to eliminate uncertainty in the blockchain industry.
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