The new decree prohibits “creating, issuing or promoting a digital currency from a central bank (CBDC)” and orders “putting an end” to all work linked to this possibility.
The alternative of a digital dollar was the subject of reflection by the US central bank, although there was no resolution.
Joe Biden’s government was favorable to the idea, considering that it offered advantages and opportunities. Despite this, he identified risks.
Fed officials, for their part, never hid their skepticism.
Last March, central bank Chairman Jerome Powell insisted that the Fed was still “a long way away” from a CBDC, a central bank digital dollar.
Trump’s decree, in any case, seeks to boost the promotion of cryptocurrencies in the United States.
It provides for the creation of a working group in charge of reflecting on this issue, to formulate proposals to Congress and the president and strengthen the sector.
Trump launched a cryptocurrency, $TRUMP, on January 17, three days before taking office.
It entered the market at a value of $7 and reached 34.72, for a total of $6.94 billion on Thursday at 21:25 GMT.
It is a “meme coin”, a cryptocurrency that is launched based on the popularity of a person or a viral phenomenon.
