Donald Trump Sticks to His Promises
Donald Trump continues to fulfill his campaign promises. In recent days, he signed an executive order establishing a special task force dedicated to examining the cryptocurrency industry and proposing appropriate regulations. Additionally, within six months, this group will assess whether Bitcoin could become part of the U.S. strategic reserves. With this move, Trump has initiated work on creating a BTC reserve.
No CBDC for the U.S.
Another major decision from Trump was banning the issuance of a central bank digital currency (CBDC) in the U.S. The concept of a digital dollar has been a recurring topic in American politics, often discussed but never formally pursued by the Federal Reserve.
Florida Governor Ron DeSantis, who was also a rival to Trump in the Republican primaries, had previously advocated against a U.S. CBDC. It appears Trump has adopted this stance as part of his policy agenda.
Source: indianexpress.com
Czech Republic May Invest in BTC
Aleš Michl, President of the Czech National Bank, has drafted a plan for the institution to invest in Bitcoin. According to him, the central bank could allocate 5% of its reserves to BTC. He is set to officially present his proposal by the end of this week. If approved, the Czech central bank could purchase approximately €7 billion worth of Bitcoin.
Source: ft.com
TRUMP Token Finds Real-World Use Cases
Back in the U.S., the idea of the presidential couple launching their own memecoin sparked controversy, especially after the TRUMP token experienced a significant price drop. However, this does not necessarily mean the token is doomed.
It has now found real-world applications:
- It can be used for payments on the travel booking platform Travala.com.
- It is accepted for purchasing Trump-branded merchandise on websites such as GetTrumpWatches.com, GetTrumpFragrances.com, and GetTrumpSneakers.com.
These developments could help strengthen TRUMP’s value in the long term.
Source: thecryptobasic.com