It’s official. Only in the last few hours there has been a Presidential Executive Order issued titled: “Strengthening American Leadership in Digital Financial Technology.” An order to promote United States leadership in digital assets and financial technology while protecting economic liberty. Does this mean that the crypto renaissance has really begun? Michael Saylor of MicroStrategy seems to think so:
There are many intriguing and exciting points in the Executive Order. However, the two immediate points that have jumped out for the editorial team at DisruptionBanking are under Section 1. Purpose and Policies (a) (ii) and (v):
“It is .. the policy of my Administration to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy, including by:
“promoting and protecting the sovereignty of the United States dollar, including through actions to promote the development and growth of lawful and legitimate dollar-backed stablecoins worldwide;
“taking measures to protect Americans from the risks of Central Bank Digital Currencies (CBDCs), which threaten the stability of the financial system, individual privacy, and the sovereignty of the United States, including by prohibiting the establishment, issuance, circulation, and use of a CBDC within the jurisdiction of the United States.”
These sentiments show an approach to the crypto industry that many hoped for. Few expected.
Author: Andy Samu
See Also:
Is a Global Bitcoin Arms Race Looming in 2025? | Disruption Banking
