Monday, June 16, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

President Trump Creates Crypto Working Group, Bans Digital Dollar

January 26, 2025
in Crypto Updates
Reading Time: 4 mins read
0 0
A A
0
Home Crypto Updates
Share on FacebookShare on TwitterShare on E Mail


US President Donald Trump has signed an government order to create a cryptocurrency working group tasked with proposing new digital asset laws and “evaluating the potential creation and upkeep of a nationwide digital asset stockpile.” Moreover, he has banned the creation of a central financial institution digital forex (CBDC) within the nation, which could compete with present cryptocurrencies.

The working group will embrace the Treasury Secretary, the chairs of the Securities and Alternate Fee (SEC) and the Commodity Futures Buying and selling Fee (CFTC), together with different company heads. It is going to additionally discover a regulatory framework for stablecoins, that are pegged to fiat currencies.

US Progresses In the direction of Crypto Rules

With this newest order, President Trump has taken steps towards fulfilling his marketing campaign promise to overtake US cryptocurrency coverage promptly.

The manager order additionally mandates correct banking providers for cryptocurrency corporations. Whereas there is no such thing as a official banking ban on cryptocurrency companies, many trade contributors have reported being denied banking providers on a number of events.

A previous media report instructed that the Trump administration would possibly assign the CFTC as the first regulatory authority for cryptocurrencies within the US, successfully sidelining the SEC, which at present handles most enforcement actions towards crypto corporations.

🚨 NOW: Donald Trump indicators an government order to assist make “America the world the capital of crypto.” pic.twitter.com/UELJCDvGeb

— Cointelegraph (@Cointelegraph) January 23, 2025

Crypto Leaders Taking Over

Following President Trump’s assumption of workplace, the previous SEC and CFTC Chairs stepped down. They’ve been changed by interim leaders who’re perceived as extra crypto-friendly. Caroline Pham, the Appearing CFTC Chair, even appointed a specialist to steer the company’s efforts on “crypto, decentralised finance (DeFi), and different digital property.”

Regardless of the rising adoption of cryptocurrencies within the US, the nation nonetheless lacks complete insurance policies and laws for the sector. Coinbase, a significant crypto trade, even filed a lawsuit towards the SEC over the shortage of readability in its crypto insurance policies. With President Trump’s method, it appears the nation is shifting nearer to establishing a correct crypto regulatory framework.

Final 12 months, the European Union launched the Markets in Crypto-Property Regulation (MiCA), changing into the primary main jurisdiction to implement a complete crypto regulatory framework.

US President Donald Trump has signed an government order to create a cryptocurrency working group tasked with proposing new digital asset laws and “evaluating the potential creation and upkeep of a nationwide digital asset stockpile.” Moreover, he has banned the creation of a central financial institution digital forex (CBDC) within the nation, which could compete with present cryptocurrencies.

The working group will embrace the Treasury Secretary, the chairs of the Securities and Alternate Fee (SEC) and the Commodity Futures Buying and selling Fee (CFTC), together with different company heads. It is going to additionally discover a regulatory framework for stablecoins, that are pegged to fiat currencies.

US Progresses In the direction of Crypto Rules

With this newest order, President Trump has taken steps towards fulfilling his marketing campaign promise to overtake US cryptocurrency coverage promptly.

The manager order additionally mandates correct banking providers for cryptocurrency corporations. Whereas there is no such thing as a official banking ban on cryptocurrency companies, many trade contributors have reported being denied banking providers on a number of events.

A previous media report instructed that the Trump administration would possibly assign the CFTC as the first regulatory authority for cryptocurrencies within the US, successfully sidelining the SEC, which at present handles most enforcement actions towards crypto corporations.

🚨 NOW: Donald Trump indicators an government order to assist make “America the world the capital of crypto.” pic.twitter.com/UELJCDvGeb

— Cointelegraph (@Cointelegraph) January 23, 2025

Crypto Leaders Taking Over

Following President Trump’s assumption of workplace, the previous SEC and CFTC Chairs stepped down. They’ve been changed by interim leaders who’re perceived as extra crypto-friendly. Caroline Pham, the Appearing CFTC Chair, even appointed a specialist to steer the company’s efforts on “crypto, decentralised finance (DeFi), and different digital property.”

Regardless of the rising adoption of cryptocurrencies within the US, the nation nonetheless lacks complete insurance policies and laws for the sector. Coinbase, a significant crypto trade, even filed a lawsuit towards the SEC over the shortage of readability in its crypto insurance policies. With President Trump’s method, it appears the nation is shifting nearer to establishing a correct crypto regulatory framework.

Final 12 months, the European Union launched the Markets in Crypto-Property Regulation (MiCA), changing into the primary main jurisdiction to implement a complete crypto regulatory framework.





Source link

Tags: BansCreatescryptoDigitaldollarGroupPresidentTrumpworking
Previous Post

White House Crypto Czar David Sacks: NFTs and Meme Coins Are ‘Collectibles’

Next Post

Top NFT Collections – January 24, 2025

Related Posts

Bitcoin Price Watch: Consolidation Continues—Will Bulls Regain Control?
Crypto Updates

Bitcoin Price Watch: Consolidation Continues—Will Bulls Regain Control?

June 15, 2025
Solaxy Presale Ends in One Day as Whales Buy $495K in $SOLX
Crypto Updates

Solaxy Presale Ends in One Day as Whales Buy $495K in $SOLX

June 15, 2025
Bitcoin as DeFi Fuel: Altcoin Communities Mull BTC Reserves and Incentive Pools
Crypto Updates

Bitcoin as DeFi Fuel: Altcoin Communities Mull BTC Reserves and Incentive Pools

June 14, 2025
Strategy’s Inner Circle Is Selling—A Storm Warning For Stockholders?
Crypto Updates

Strategy’s Inner Circle Is Selling—A Storm Warning For Stockholders?

June 14, 2025
Sharplink Gaming Becomes Largest Public ETH Holder With $463 Million Purchase
Crypto Updates

Sharplink Gaming Becomes Largest Public ETH Holder With $463 Million Purchase

June 13, 2025
Singapore Giant Plans Massive Treasury Move
Crypto Updates

Singapore Giant Plans Massive Treasury Move

June 13, 2025
Next Post
Top NFT Collections – January 24, 2025

Top NFT Collections – January 24, 2025

Trump’s Executive Order Shapes Crypto and Reserve Policy

Trump’s Executive Order Shapes Crypto and Reserve Policy

Trump’s Bitcoin Executive Order – David Sacks Weighs in

Trump’s Bitcoin Executive Order - David Sacks Weighs in

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In