{"id":20698,"date":"2025-01-23T21:10:48","date_gmt":"2025-01-23T22:10:48","guid":{"rendered":"https:\/\/medexperts.pro\/?p=20698"},"modified":"2025-01-23T22:25:32","modified_gmt":"2025-01-23T22:25:32","slug":"trump-issues-executive-order-to-boost-cryptocurrency-industry","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=20698","title":{"rendered":"Trump Issues Executive Order to Boost Cryptocurrency Industry"},"content":{"rendered":"
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President Trump on Thursday issued an executive order to support the growth of the cryptocurrency industry, calling for a new plan to regulate a business in which he has substantial personal investments.<\/p>\n

The executive order, which was light on details, said the Trump administration would create a working group on digital assets to come up with a comprehensive plan that would include \u201cregulatory and legislative proposals.\u201d The group would also consider establishing a national cryptocurrency stockpile, a government-controlled stash of digital coins that the industry has spent months lobbying<\/a> the new administration to create.<\/p>\n

\u201cThe digital asset industry plays a crucial role in innovation and economic development in the United States, as well as our nation\u2019s international leadership,\u201d the order said. \u201cIt is therefore the policy of my administration to support the responsible growth and use of digital assets.\u201d<\/p>\n

Mr. Trump has a significant personal stake in the success of the crypto industry. He and his sons last year helped start a crypto company called World Liberty Financial<\/a>, which is selling a new digital currency called WLFI. This month, he and his wife, Melania, each began selling memecoins, a type of cryptocurrency inspired by an online joke or celebrity mascot.<\/p>\n<\/div>\n<\/div>\n

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The ventures have drawn criticism from ethics experts concerned about conflicts of interest. In effect, Mr. Trump is trying to write the rules for business ventures from which he may personally profit. He has vowed to end the Biden administration\u2019s legal crackdown on crypto companies and made a series of personnel selections at key federal agencies that appear poised to boost the crypto industry\u2019s prospects.<\/p>\n

In the executive order, Mr. Trump said his administration was committed to \u201cprotecting and promoting\u201d the crypto industry. He promised \u201cfair and open access to banking services,\u201d a response to complaints by crypto companies<\/a> that banks have denied them accounts.<\/p>\n

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President Trump on Thursday issued an executive order to support the growth of the cryptocurrency industry, calling for a new plan to regulate a business in which he has substantial personal investments.The executive order, which was light on details, said the Trump administration would create a working group on digital assets to come up with a comprehensive plan that would include \u201cregulatory and legislative proposals.\u201d The group would also consider establishing a national cryptocurrency stockpile, a government-controlled stash of digital coins that the industry has spent months lobbying the new administration to create.\u201cThe digital asset industry plays a crucial role in innovation and economic development in the United States, as well as our nation\u2019s international leadership,\u201d the order said. \u201cIt is therefore the policy of my administration to support the responsible growth and use of digital assets.\u201dMr. Trump has a significant personal stake in the success of the crypto industry. He and his sons last year helped start a crypto company called World Liberty Financial, which is selling a new digital currency called WLFI. This month, he and his wife, Melania, each began selling memecoins, a type of cryptocurrency inspired by an online joke or celebrity mascot.The ventures have drawn criticism from ethics experts concerned about conflicts of interest. In effect, Mr. Trump is trying to write the rules for business ventures from which he may personally profit. He has vowed to end the Biden administration\u2019s legal crackdown on crypto companies and made a series of personnel selections at key federal agencies that appear poised to boost the crypto industry\u2019s prospects.In the executive order, Mr. Trump said his administration was committed to \u201cprotecting and promoting\u201d the crypto industry. He promised \u201cfair and open access to banking services,\u201d a response to complaints by crypto companies that banks have denied them accounts.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":20700,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-20698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/20698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20698"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/20698\/revisions"}],"predecessor-version":[{"id":20701,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/20698\/revisions\/20701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/20700"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}