PRESS RELEASE: Crypto Exchange CEO on Trump’s Exec Order: Digital Asset Stockpile, CBDCs Banned and a Federal Regulatory Framework by June
Trump’s Exec Order: Digital Asset Stockpile, CBDCs Banned and a Federal Regulatory Framework by June
By Morty Tollo
Key Commentary:
“Trump to end regulation by enforcement under new executive order, forcing the SEC & CFTC to collaborate under the executive order. We will finally see some clarity with regard to the definition of commodities and securities within the US.”
“This stockpile isn’t just a Bitcoin reserve, it signals potential endorsement of a broad spectrum of digital assets. By year’s end, the US could be staking Ethereum or other confiscated assets, earning yield and redefining how governments interact with digital finance under this proposal.”
“If you trust your money with a bank, you shouldn’t fear a CBDC. CBDCs don’t threaten the stability of the financial system or individual privacy, but they are unlikely to deliver meaningful improvements over the current digital representation of the US dollar.”
Trump’s Plan to Establish US as Global Crypto Capital
In a sweeping move that will undoubtedly reshape the global digital asset landscape, President Trump has issued an executive order that overturns previous regulatory frameworks, bans Central Bank Digital Currencies (CBDCs), and proposes a groundbreaking national digital asset stockpile. This bold initiative places the United States on a trajectory to potentially dominate the digital asset space.
Digital Asset Regulatory Framework By June
For years, the US regulatory environment for digital assets has been mired in ambiguity, with the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) often at odds over jurisdiction. Under this executive order, collaboration between these agencies is no longer optional but mandated. The formation of the President’s Working Group on Digital Asset Markets promises a clear and unified Federal regulatory framework within 180 days—a development that could provide long-overdue clarity on the definitions of digital assets as commodities or securities.
“Trump to end regulation by enforcement under new executive order, forcing the SEC & CFTC to collaborate under the executive order. We will finally see some clarity with regard to the definition of commodities and securities within the US.”
Trump Controversial CBDC Ban
In a controversial move, Trump has banned the establishment, issuance, and circulation of CBDCs within the US. While critics argue that CBDCs could enhance payment efficiency and financial inclusion, the order labels them a threat to financial stability, individual privacy, and national sovereignty.
“If you trust your money with a bank, you shouldn’t fear a CBDC. CBDCs don’t threaten the stability of the financial system or individual privacy, but they are unlikely to deliver meaningful improvements over the current digital representation of the US dollar.”
A National Digital Asset Stockpile
One of the most striking elements of the order is the proposal for a national digital asset stockpile, which could potentially include cryptocurrencies lawfully seized by the Federal Government. While some see this as a pragmatic step towards monetising confiscated digital assets, under a new regulatory framework this could open the door to the US government participating in earning yield from staking assets like Ethereum but would require significant regulatory clarity.
“This stockpile isn’t just a Bitcoin reserve, it signals potential endorsement of a broad spectrum of digital assets. By year’s end, the US could be staking Ethereum or other confiscated assets, earning yield and redefining how governments interact with digital finance under this proposal.”
Implications for Australian Policy
With the US poised to finalise its Federal Digital Asset Framework by year’s end, other nations are likely to follow suit. Australia, for instance, may delay its own policy development, closely observing the US blueprint before adopting similar proposals.
“This executive order signals a clear US intention to lead the global digital asset space. Australia will undoubtedly be watching closely, preparing to mirror the regulatory frameworks put forward.”
What This Means for the Crypto Industry
The executive order marks a pivotal moment for the digital asset ecosystem. It promotes self-custody and the use of digital assets for transactions, while also reinforcing the role of the US dollar in a digital age. By rejecting CBDCs, endorsing lawful digital assets, and pursuing regulatory clarity, the US is taking a firm stance on its vision for the future of digital finance.
Contact Information
Media Inquiries: [email protected]
Spokesperson: Tulley Kearney – [email protected]
Website: https://elbaite.com
About Elbaite
Elbaite is a leading Australian cryptocurrency exchange committed to providing secure Bitcoin and crypto trading services. By integrating robust regulatory practices, Elbaite fosters trust and innovation in the Australian digital asset economy.
For more information about Elbaite, please visit: https://www.elbaite.com
About Elbaite
Elbaite is a leading Australian cryptocurrency exchange committed to providing secure Bitcoin and crypto trading services. By integrating robust regulatory practices, Elbaite fosters trust and innovation in the Australian digital asset economy.
For more information about Elbaite, please visit: https://www.elbaite.com
