Crypto Capital Of The Planet, But Without CBDCs

On January 23, President Trump issued an Executive Order and accompanying Fact Sheet intending to promote "United States leadership in digital assets and financial technology while protecting economic liberty." Entitled "Strengthening American Leadership in Digital Financial Technology," the Executive Order states that the Administration will "support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy" through a variety of means, including by allowing the development of "dollar-backed stablecoins worldwide" and "providing regulatory clarity and certainty [that will support] a vibrant and inclusive digital economy," while also prohibiting the "establishment, issuance, circulation, and use of a [central bank digital currency (CBDC)] within the jurisdiction of the United States."