The decree requires federal agencies to allow American citizens to “participate in mining and validation, make transactions with other persons without illegal censorship and carry out independent storage of digital assets.”
According to legislators, this will protect American crypto investors from potential abuse by regulatory authorities and will avoid a politically motivated refusal to provide them with banking and other financial services.
The government also intends to protect Americans from the risks that may arise when using CBDC, for example, a threat of financial stability, privacy and US sovereignty. In particular, the decree prohibits the creation, release, appeal and use of CBDC within the US jurisdiction, if this is not required by law.
Earlier, the head of the study department of Coinshares, James Butterfill, said that US President Donald Trump President Trump on Extraordinary Economic powers may provoke an increase in bitcoin.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
