Crypto: Donald Trump Paves A New Path For The United States

The American president Donald Trump recently made a major announcement for the world of crypto. By signing an executive order aimed at banning central bank digital currencies (CBDCs) and establishing a dedicated task force, he is redefining the United States’ position in the digital asset ecosystem. This bold move could well place the country on a different trajectory, with the ambition of becoming a global leader in crypto.

An executive order to revolutionize crypto in the United States

On January 23, during a televised speech from the Oval Office, Donald Trump unveiled a historic directive. In the presence of his “tsar of artificial intelligence and crypto”, David Sacks, he announced the creation of an internal task force to position the United States as the “global capital of crypto”.

This task force, composed of leading figures from federal agencies, will examine regulatory frameworks regarding stablecoins and will explore the possibility of constituting a national stock of cryptocurrencies.

By revoking a decree from 2022 signed by Joe Biden, Trump distances himself from previous approaches and clearly shows his preference for regulations that encourage innovation while rejecting CBDCs.

With this initiative, Trump is keeping one of his campaign promises: to protect cryptos from the influence of centralized institutions.

According to him, CBDCs represent a threat to financial freedom and the autonomy of citizens.

The implications of such a political turnaround

The ban on CBDCs marks a significant turning point. While many governments actively explore these digital currencies as an extension of their financial system, the United States, under Trump’s leadership, is choosing a diametrically opposed path.

This choice reinforces individual sovereignty and relies on decentralized solutions, such as stablecoins, to develop a modern financial system.

However, this decision raises questions. While it reflects a commitment to financial freedom, it could also hinder certain initiatives aimed at integrating blockchain technologies into institutional frameworks.

Analysts are also questioning the long-term impact of this decree on innovation in crypto in the United States, especially in a context of increased global competition.

David Sacks, who leads this new task force, stated that this initiative could “make the United States the main hub of crypto innovation”.

In parallel, promises like that of manufacturing all bitcoins in the United States, although symbolic, remain vague.