Prohibit CBDC! Trump's new executive order is pushing for blockchain and establishing a stablecoin bill to consolidate the sovereignty of the US dollar.

President Trump signed a new executive order on 1/23, fully supporting the development of digital assets and financial technology, and prohibiting the establishment of Central Bank currency (CBDC) while promoting stablecoins and Blockchain applications.

New regulatory framework, digital asset working group submits proposal

According to the order, the White House has established the "Presidential Digital Asset Market Working Group," which is responsible for promoting the coordination of digital asset-related policies, and must submit a report to the President within 180 days, proposing regulatory and legislative recommendations. The following are the key points of the work:

Establish a federal regulatory framework: Clearly regulate the issuance and operation of digital assets and stablecoins, including market structure, consumer protection, and risk management.

Assessing the feasibility of establishing a national digital asset reserve: using confiscated cryptocurrencies in accordance with the law as part of the national reserve assets.

Public consultation: Hold a public hearing and invite experts in the digital asset field to provide suggestions.

Promote innovation and safeguard economic freedom

The core objectives of the new executive order issued by Trump include:

Protect the freedom of individuals and businesses to use the Block chain: Ensure that users can legally access, develop, and use public Block chain technology, and avoid improper review or intervention.

Defend the sovereignty of the US dollar: Encourage the legal development of stablecoins and promote the use of the US dollar as the world's primary reserve currency.

Promote fair financial services: guarantee the right of all law-abiding citizens and businesses to fair access to banking services.

Provide a clear regulatory environment: The regulatory framework must adhere to the principle of technological neutrality and support the innovation and development of the digital economy.

全面禁止Central Bank貨幣 (CBDC)

The new directive explicitly prohibits any federal agency from promoting or establishing CBDC, citing reasons such as:

Threats to financial stability and personal privacy: CBDCs are seen as centralizing financial power excessively, undermining individual financial freedom.

Violating US sovereignty principle: The government believes that implementing CBDC is not in the national interest and should avoid developing such digital currencies. All plans or initiatives related to CBDC must be terminated immediately and not be restarted in the future.

Abolish old policies and reaffirm US support for blockchain technology

The new order defines Block chain as an innovative technology, emphasizing its important value in data sharing, security, and transparency, while emphasizing the openness and decentralization of the related technology. It hopes to support the application of Block chain technology in various industries with a clear regulatory environment. The order also simultaneously revokes the (Joe Biden) government's Executive Order No. 14067 signed in 2022 and its derived international digital asset policy framework, considering that it does not meet the current needs of the United States, and requests the Treasury Department to formulate digital asset-related policies again.

This article prohibits CBDC! Trump's new executive order promotes blockchain, establishes a stable coin law, and consolidates the sovereignty of the US dollar. First appeared in ChainNews ABMedia.