Strong repudiation of CBDCs: In an executive order released yesterday (called "Strengthening American Leadership in Digital Financial Technology"), Trump gave those who care about financial privacy a very clear win.
The Trump administration, through this executive order, commits to "providing regulatory clarity and certainty built on technology-neutral regulations, frameworks that account for emerging technologies, transparent decision making, and well-defined jurisdictional regulatory boundaries, all of which are essential to supporting a vibrant and inclusive digital economy and innovation in digital assets, permissionless blockchains, and distributed ledger technologies." No more constant persecution of the industry by the Securities and Exchange Commission (SEC).
Crucially, it also says it will "protect Americans from the risks of Central Bank Digital Currencies (CBDCs), which threaten the stability of the financial system, individual privacy, and the sovereignty of the United States, including by prohibiting the establishment, issuance, circulation, and use of a CBDC within the jurisdiction of the United States." Yep, you heard him right: CBDCs are banned now.
