The Executive Order can be read at - https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/
In general the Executive Order looks positive for the promotion and adoption of cryptocurrency in the United States. The caveat is that additional regulation is likely forthcoming in the next two years.
HIGHLIGHTS
This passage appears to be a solid articulation promoting the rights of individuals to access use various blockchain implementations.
(i) protecting and promoting the ability of individual citizens and private-sector entities alike to access and use for lawful purposes open public blockchain networks without persecution, including the ability to develop and deploy software, to participate in mining and validating, to transact with other persons without unlawful censorship, and to maintain self-custody of digital assets;
Promotion of US Dollar-based stablecoins. Would it have killed Trump to mention $HBD (humor, and wishful thinking).
(ii) promoting and protecting the sovereignty of the United States dollar, including through actions to promote the development and growth of lawful and legitimate dollar-backed stablecoins worldwide;
This has been a growing issue for Americans as dissidents and "wrong-thinkers" have been de-banked for expressing or holding unpopular opinions, often with no recourse.
(iii) protecting and promoting fair and open access to banking services for all law-abiding individual citizens and private-sector entities alike;
A previous Executive Order has been explicitly revoked, along with all policies and directives derived from that order.
Sec. 3. Revocation of Executive Order 14067 and Department of the Treasury Framework of July 7, 2022. (a) Executive Order 14067 of March 9, 2022 (Ensuring Responsible Development of Digital Assets) is hereby revoked.
Central Bank Digital Currencies are prohibited.
A working group on Digital Assets. Don't get too excited degens, Trump is NOT going to shill your shitcoin, he's got $TRUMP to keep afloat.
Establishment of the President‘s Working Group on Digital Asset Markets.
There is a lot to take in within this Executive Order. What should be remembered is this is not law, and not even fully developed policy, but policy will likely be derived from this guidance. This seems to point towards future legislation of crypto and blockchain implementations which could potentially increase adoption while being a backdoor to make crypto more centralized. This will likely have positive short term influence on markets, but should be interpreted soberly.
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