US President Donald Trump yesterday announced the signing of the first executive order that could potentially impact cryptocurrency users and industry leaders. This move was anticipated by many during the early days of his presidency.
Trump was accompanied by his recently appointed "AI and cryptocurrency czar," David Sacks, who provided explanations of the executive order to the president.
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The order establishes an internal task force chaired by Sacks, with the goal of making the United States the leader in the cryptocurrency sector.
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The order also prohibits the establishment, issuance, circulation and use of a US central bank digital currency (CBDC) and tasks the working group with examining the development and regulation of a national crypto reserve and a framework for stablecoins.