It is prohibited for institutions to establish or launch central bank digital currency CBDC( in the United States or abroad. The Digital Asset Market Presidential Working Group has been established to propose regulatory and legal suggestions. The working group will propose a federal regulatory framework for digital assets, including stablecoins, within 180 days. The working group will assess the possibility of establishing a national reserve of digital assets and propose standards for such reserves derived from cryptocurrencies confiscated by the government.
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Donald Trump's executive order:
It is prohibited for institutions to establish or launch central bank digital currency CBDC( in the United States or abroad.
The Digital Asset Market Presidential Working Group has been established to propose regulatory and legal suggestions.
The working group will propose a federal regulatory framework for digital assets, including stablecoins, within 180 days.
The working group will assess the possibility of establishing a national reserve of digital assets and propose standards for such reserves derived from cryptocurrencies confiscated by the government.