Donald Trump signs executive order that seeks to turn the United States into the “capital of cryptocurrencies”

The president of USA, donald trumpsigned an executive order this Thursday that promotes cryptocurrencies and seek to turn the country into the world leader when it comes to digital assets.

According to the White Housethe order allows the United States to become the center of the “innovation in digital financial technology” by stopping the laws and regulations that “they have stifled crypto innovation in previous administrations”.

“The growth of digital financial technology in the United States should not be hindered by restrictive regulations or unnecessary government interference,” added a statement from the White House.

The measure authorizes the creation of a working group led by the White House czar on matters of artificial intelligence and cryptocurrencies, David Sacks, and that, among other tasks, will evaluate the creation of a “national strategic reserve of digital assets.”

This group will have a period of six months to make recommendations to Trump, who during the election campaign received significant donations from this industry and promised to make his legal framework more flexible.

Thursday’s executive order prohibits the establishment of a central bank digital currency (CBDC) and reverses a measure by the former president’s Administration Joe Bidenwhich “suppressed innovation and undermined America’s economic freedom and global leadership in digital finance”according to the statement.

Shortly after the signing of this order, in which Trump was accompanied by Sacks, leaders of this industry welcomed the measure, as was the case with the president of the Blockchain Association, Kristin Smith, who in a statement noted that the measure will help make America the “crypto capital of the planet.”