CFC|01-28-25 PM: President Trump Issues Order to Boost Crypto Industry

January 28, 2025

President Donald Trump has signed an executive order titled "Strengthening American Leadership in Digital Financial Technology," aiming to regulate and promote the cryptocurrency industry. The order encourages access to public blockchain networks, development of related software, mining activities, transaction validation, and personal custody services. 

It also supports the development of dollar-backed stablecoins globally while prohibiting Central Bank Digital Currencies (CBDCs) in the U.S. Additionally, the order establishes the President's Working Group on Digital Asset Markets, led by David Saks, to present regulatory proposals within 180 days. This move is expected to bolster the digital asset market, with potential increases in asset prices anticipated due to sustained investments and developments.

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Stay informed about regulatory changes in the cryptocurrency landscape, as government policies can significantly impact market dynamics and investment strategies.