Trump’s executive order a ’game-changer’ for institutional crypto adoption
Institutional cryptocurrency payments could become more popular thanks to Trump’s incoming crypto task force and CBDC ban.
US President Donald Trump’s executive order banning the creation of central bank digital currencies (CBDCs) in the United States could mark a significant shift in institutional cryptocurrency adoption, according to industry executives.
The executive order, signed Jan. 23, prohibits the establishment, issuance, circulation or use of CBDCs, citing concerns over their potential to threaten financial system stability, individual privacy and national sovereignty.
The executive order’s CBDC ban is a “game-changer” for the crypto industry in the US, according to Anndy Lian, an author and intergovernmental blockchain adviser.
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Author: Zoltan Vardai
