Trump’s executive order excludes Fed, FDIC from crypto working group
The executive order will also exclude the US central bank from future stablecoin regulation, according to industry insiders.
US President Donald Trump signed an executive order to end some banking challenges for Web3 companies and create clearer regulations for digital assets.
The executive order created a working group on digital asset markets tasked with finding ways to promote US leadership in the crypto industry, along with “evaluating the creation of a strategic national digital assets stockpile.”
In a notable development, the executive order excludes the US Federal Reserve and Federal Deposit Insurance Corporation (FDIC) from cryptocurrency working groups.
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Author: Zoltan Vardai