Trump plans executive order making crypto a national priority: Report

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1.1. Trump Plans Executive Order Making Crypto a National Priority: Report

Trump Plans Executive Order Making Crypto a National Priority: Report

Former President Donald Trump is reportedly planning to sign an executive order that would make cryptocurrency a national priority. The order, which is expected to be signed in the coming weeks, would direct federal agencies to study the potential benefits and risks of cryptocurrency and to develop a regulatory framework for the industry.

The move comes as cryptocurrency has become increasingly popular in recent years. The total market capitalization of all cryptocurrencies has grown from $10 billion in 2013 to over $2 trillion today. This growth has been driven by a number of factors, including the increasing use of cryptocurrency for online payments, the development of new blockchain technologies, and the growing interest in cryptocurrency as an investment.

The Trump administration has been generally supportive of cryptocurrency. In 2018, the Treasury Department issued a report that concluded that cryptocurrency is a legitimate and important innovation. The report also called for the development of a regulatory framework for the industry.

The executive order is expected to build on the Treasury Department's report. It is likely to direct federal agencies to study the potential benefits and risks of cryptocurrency and to develop a regulatory framework for the industry. The order is also likely to call for the creation of a new task force to coordinate the government's efforts on cryptocurrency.

The executive order is a significant development for the cryptocurrency industry. It is a sign that the Trump administration is taking cryptocurrency seriously and that it is committed to developing a regulatory framework for the industry.