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Trump's Crypto Executive Order: A US MiCA ?
President Trump issued an executive order establishing a cryptocurrency working group to develop a federal regulatory framework for digital assets, including stablecoins. This group, led by David Sacks, will investigate creating a national cryptocurrency stockpile and will also review existing regulations for potential changes. The order further prohibits the development of a US central bank digital currency (CBDC). These actions represent a significant shift towards a more crypto-friendly US regulatory environment, contrasting with previous administrations' approaches and drawing comparisons to the EU's MiCA regulation. The working group is tasked with delivering reports within 60 and 180 days, respectively.
Published on 11 months, 1 week ago