On January 23, President Trump published a Executive decree and accompanying Information sheet Being intended to promote “American leadership in digital assets and financial technologies while protecting economic freedom”. Entitled “Strengthening American leadership in digital financial technology”, the decree indicates that the administration “will support the growth and use responsible for digital assets, blockchain technology and related technologies in all sectors of Economy “by various means, including, including by allowing the development of” stablescoins supported in dollars around the world “and” providing regulatory clarity and certainty (which will support) a dynamic and inclusive digital economy “, while prohibiting” The establishment, emission, traffic and use of a (central digital currency (CBDC)) in the United States jurisdiction. »»
The decree continued to revoke the executive decree of the Biden era on digital assets, as well as the “framework of Treasury’s international commitment on digital assets”, then to establish a working group on digital assets chaired by A special advisor for AI and Crypto. Meanwhile, Treasury, Securities & Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) have been responsible for identifying all regulations, guidance documents, orders and other elements affecting the sector Digital assets within 30 days and 60 days, all these elements must be canceled, modified or adopted.
Finally, while clearly nasty CBDC, the decree nevertheless directs the working group to study the creation and maintenance of “national storage of digital assets and to propose criteria to establish such a stock”. Thus, on the one hand, for the moment, it seems that nothing could be worse than the federal government emitting its own digital currency, but on the other hand, the federal government should investigate the manipulation of the digital asset market by storing Digital assets issued by others. Certain factions within the Republican Party have long opposed CBDC, as evidenced by the laws adopted in Florida and North Carolina, trying to restrict the acceptance of CBDC retail within the State. Of course, almost all the abuses that a CBDC could also cause by the monopolizing federal government and managing the distribution of a stablecoin, we will therefore see how long this white house really continues to hate CBDC.
