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Trump's Crypto Executive Order
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- AbnAsia.org
- @steven_n_t
Strengthening American Leadership in Digital Financial Technology
Last week, US President Donald Trump signed an Executive Order entitled "Strengthening American Leadership in Digital Financial Technology" otherwise known as the "Crypto Order" which can be found here:
Analyze what the Crypto Order contains and what it does not:
✅ Freedom to Transact on the Blockchain ✅ Freedom to Secure and Validate Blockchain Network Transactions ✅ Right to Self-Custody Crypto-assets ✅ Fair and Open Banking Access ✅ Regulatory Clarity and Jurisdictional Boundaries
❌ US Central Bank Digital Currency
❓What about blockchain networks where not just anyone is free to validate or secure transactions?
❓What about wallet providers that break the chain of self-custody when executing transactions for users?
❓Can banks still refuse banking services to crypto-asset service providers within reason?
❓The U.S. Securities and Exchange Commission appears to still have a key role in crypto-asset regulation.
❓Absence of terms such as "decentralization" and "open-source" are telling for the path forward and suggest that such concepts are dispensable when considering crypto-asset regulation.
Author
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