Donald Trump to Ban CBDC? New Executive Orders Could Reshape Crypto

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Shortly after assuming the chair of the President of the United States of America, Republican leader Donald Trump, known for his pro-crypto stance, has cancelled several controversial actions taken by his predecessor, Joe Biden.

Importantly, he has revoked the executive order aimed at creating a framework for AI regulation in the US, indirectly proclaiming his stance on the Web3, AI, Blockchain and Crypto sector.

Meanwhile, experts like Eleanor Terrett, opine that Trump would take more aggressive actions necessary to support the futuristic sector. Let’s explore. Join!

Trump’s Executive Orders: What’s Expected?

Most exports, including Terrett, are confident that Trump would release an executive order announcing the creation of a cryptocurrency advisory council. 

Sources aware of the development suggest that the EO would create an ideal forum to bring together policymakers and business leaders.

Establishing such a forum is necessary to develop feasible policies for the growth of the cryptocurrency sector, crypto enthusiasts think.  

CBDC Ban Speculation 

Terrett reveals that Trump may also issue an executive order banning the creation of a Central Bank Digital Currency.