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Trump Bans CBDCs and Proposes U.S. Bitcoin Reserve in Bold Crypto Push

Trump Bans CBDCs and Proposes U.S. Bitcoin Reserve in Bold Crypto Push

On January 23, 2025, Donald Trump signed an executive order banning Central Bank Digital Currencies (CBDCs) and setting the stage for a potential national Bitcoin reserve.

This landmark decision aims to solidify the United States as a leader in the digital asset space, countering perceived threats from global competitors like China and Russia.

Trump’s order champions blockchain technology as essential for U.S. innovation and economic growth. It ensures individuals and businesses can freely use decentralized networks, with a focus on promoting dollar-backed stablecoins to strengthen the dollar’s global influence. The administration’s hardline stance against CBDCs highlights concerns over privacy and financial stability, halting all federal efforts to develop such currencies.


READ MORE: SEC Eases Rules for Banks to Safely Hold Bitcoin


A new task force, chaired by David Sacks, has been created to reevaluate digital asset regulations. Federal agencies must review existing rules, proposing updates or repeals to align with the administration’s decentralized vision. The group will also explore using seized cryptocurrencies to build a national digital asset reserve, though this initiative remains under consideration.

The order overturns prior directives seen as incompatible with Trump’s approach, including outdated policies from 2022. This shift reflects the administration’s commitment to fostering a crypto-friendly environment while ensuring clear regulatory oversight.

While the move is celebrated by crypto advocates, key decisions—such as the strategic reserve—are still under review. The coming months will determine how these changes reshape the U.S. role in the global digital economy.

Author
Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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