Almost a week after the start of his presidency, Donald Trump has not yet mentioned Bitcoin.
But despite the named absence of a particular digital active ingredient, the world of cryptography still had reasons to rejoice Thursday, January 23 when the first American “crypto president” published a decree addressing many desires, needs and concerns.
The order, entitled “Strengthen American leadership in digital financial technology“, Aims to promote American leadership in the field of digital financial technology by supporting innovation blockchain, providing regulatory clarity and protecting the use of legal blockchain networks.
The order also prohibits the development of a central bank digital currency (CBDC); cancels previous related policies; and establishes a working group to offer a national regulatory framework for digital assets, including stable parts; within six months. The presidential working group on the digital asset markets is also responsible for considering the creation of a “national strategic stock of digital assets”.
The information sheet indicates: “The working group will assess the potential creation and maintenance of a national stock of digital assets and will offer criteria for the establishment of such a stock, potentially derived from legally seized cryptocurrencies by the federal government within the framework of its efforts to apply the law. »»
Basically, the order signals a change in the approach of the federal government with regard to blockchain technology, stable parts and the wider ecosystem of digital assets, emphasizing innovation, regulatory clarity and competitive positioning.
For the payment sector, this policy represents both an opportunity and a challenge, reshaping how financial technology is about to evolve in the United States.
Find out more: 3 things to monitor while Trump becomes a billionaire of the same and president of the United States
The implications of the decree for innovation in cryptographic payments
The American working group on digital assets will be chaired by the IA tsar and the cryptography of the White House, venture capital investor. David Sacksand will understand the heads of the departments and agencies concerned, including the Treasury Department and the Commission of securities and exchange (Sec), the Attorney General, and even more, according to the information sheet.
The decree defends blockchain as a fundamental technology for new generation financial systems. It explicitly aims to guarantee a lawful use of blockchain networks while approaching their regulatory ambiguities. By positioning the United States as a leader in innovation blockchain, the order opens the way to a greater adoption of decentralized payment systems and technologies, stable parts to tokenized assets.
Unlike the previous federal positions which gave priority to a prudent blockchain exploration, the order adopts an assertive tone, encouraging innovation within the private sector. This turning point underlines the recognition of the fact that blockchain can play a transformative role in the modernization of payment systems, by reducing ineffectiveness and by strengthening the safety of cross -border transactions. For payment providers and financial institutions, the directive could offer a potential green light to invest in blockchain solutions with less fear of regulatory negative reactions than in previous administrations.
A particularly remarkable provision of the order is the explicit prohibition to develop an American CBDC. The justification put forward by the administration for this prohibition seems to be centered on concerns about privacy, surveillance and potential movement of the private sector in innovation in terms of payments.
Learn more: The state of stablecoin as a payment mechanism
Look at the future of crypto in the United States
For innovators in payments, the absence of a federal CBDC could stimulate creativity in the development of stable parts in the private sector. Stable parts, linked to the US dollar or other assets, are increasingly considered to be viable alternatives to CBDC to allow real -time cross -border payments, at low cost. With regulatory clarity on the horizon, Stablecoin transmitters can now focus on scaling their infrastructure and the integration of their offers to existing payment networks.
After all, the cornerstone of Thursday’s decree is the creation of a working group responsible for offering a national regulatory framework for digital assets, including stable documents, within six months. For years, the payment sector has been struggling with a mosaic of state and federal regulations, creating uncertainty for both innovators and investors. A unified framework could mitigate these challenges, allowing payment providers to comply more easily and to develop their operations.
Stablecoins, in particular, could play a central role in the Revolution of cross -border payments. By eliminating the need for intermediaries, stable parts reduce transaction costs and allow real -time regulations. For companies engaged in international trade, this could mean faster access to the working fund and exposure reduced to the volatility of currencies.
However, to carry out this potential, it will be necessary to take up major challenges, such as guaranteeing compliance with regulations in terms of fighting money laundering (AML) and the financing of terrorism (CTF). Payment suppliers will have to invest in robust KYC (customer knowledge) and transactions monitoring solutions to establish confidence with regulators and end users.
