Donald Trump Advances Campaign Commitments with Executive Order on Cryptocurrency Regulation. In a move aligned with his electoral promises, President Donald Trump has signed an executive order establishing a dedicated task force focused on analyzing the cryptocurrency sector and developing appropriate regulatory frameworks. The group has been granted a six-month mandate to assess the feasibility of incorporating Bitcoin into the United States’ strategic reserves, thereby initiating formal work on the creation of a national BTC reserve.
Cryptocurrencies are volatile and carry risk. Invest responsibly.
Donald Trump has taken another strategic step by formally excluding the issuance of a central bank digital currency (CBDC) in the United States. The concept of a digital dollar has long been speculative within American public discourse, with the Federal Reserve consistently emphasizing that no active work is being conducted to digitize the national currency.
The prohibition of CBDC issuance has also been advocated by Florida Governor Ron DeSantis, Trump’s rival in the Republican primaries, suggesting a convergence of views among conservative politicians on this matter.
Source: indianexpress.com
Cryptocurrencies are volatile and carry risk. Invest responsibly.
Governor of the Czech National Bank, Aleš Michl, has put forward a proposal for institutional investment in Bitcoin. According to the plan, the central bank could allocate up to 5% of its reserves to the cryptocurrency. The official presentation of the initiative is scheduled for the end of this week. If approved by the bank’s seven-member board, the Czech National Bank could acquire BTC worth approximately €7 billion.
Source: ft.com
Cryptocurrencies are volatile and carry risk. Invest responsibly.
