Watcher – US President Donald Trump has signed an executive order to establish a digital asset stockpile, according to a White House release. Indeed, the “crypto president” is delivering on his promise to Americans and crypto fans to prioritize the industry.
Furthermore, the digital asset stockpile order directs departments and agencies to identify and make recommendations to the Working Group on any regulations and other agency actions affecting the digital assets sector that should be rescinded or modified. prohibits agencies from undertaking any action to establish, issue, or promote CBDCs: currencies that Trump has spoken against. “Except to the extent required by law, agencies are hereby prohibited from undertaking any action to establish, issue, or promote CBDCs within the jurisdiction of the United States or abroad,” the order reads. “Except to the extent required by law, any ongoing plans or initiatives at any agency related to the creation of a CBDC within the jurisdiction of the United States shall be immediately terminated, and no further actions may be taken to develop or implement such plans or initiatives.
In terms of consequences, the release says: “If any provision of this order, or the application of any provision to any person or circumstance, is held to be invalid, the remainder of this order and the application of its provisions to any other persons or circumstances shall not be affected thereby.”
Lastly, the executive order revokes the Biden Administration’s Digital Assets Executive Order and the Treasury Department’s Framework for International Engagement on Digital Assets, according to Fox. The previous order suppressed innovation and undermined U.S. economic liberty and global leadership in digital finance. Now, crypto is expected to thrive in value with institutional and national attention at an all-time high. While a strategic Bitcoin reserve is still not live, it is certainly on the cards with these latest crypto-regulation developments.
Posted by External-Noise-4832
4 Comments
Man… If I wasn’t old enough to trust no politician, I would be thinking we have a really good guy in office looking out for us.
I mean — it’s one *good sounding* thing after another. Boom, boom, boom.
I can’t help but to think this is a setup though, guys… We’re being set up to trust this new administration so that they can (later) do things that we would never have agreed to under a Democrat administration.
In fact, what if some of these things were imaginary threats — set up so they could have a series of quick wins to fool us into trust? Consider “woke”, “men in women’s sports”, CBDCs, etc…. Yeah I know all that was happening, but what if it was a psychological operation to trust this new group as they usher in *the second half* of The Great Reset?
SO decentralized digital currencies are A OK? So the government can never make a digital currency is what this is essentially saying?
I don’t get trump, he wants everyone to get clot shots but doesn’t want a woke world, he wants to invade surrounding countries with natural resources like Greenland or buy them.
He then wants to ban digital only money but then I doubt that he will invest in infrastructure.
With JD Vance being Peter Thiel’s call boy, and Scott Bessent being Soros’ partner (including sexually?).. I wouldn’t rush to celebration quite yet. Seems sus