or
Remember me
Back
President Donald Trump's executive order on cryptocurrency seeks to jumpstart government regulation that can help make the U.S. “crypto capital of the planet.”
Trump – who campaigned as the "crypto president" – passed the order on Thursday night. It calls for the creation of a cryptocurrency working group to propose new digital asset regulations and to look into the creation of a national cryptocurrency stockpile.
As a result, cryptocurrencies like Bitcoin will likely become more mainstream and possibly used for payment just like credit and debit cards.
"This means that cryptocurrency and digital assets are being given legitimacy by our federal government," Amy Lynch, a former regulator with the U.S. Securities and Exchange Commission and founder and president of financial consulting firm FrontLine Compliance, told USA TODAY. "Once regulation is in place and the new executive orders are carried out (if not changed substantially by the Working Group) then cryptocurrency transactions in the USA will multiply exponentially."
Receive investor kits and email updates from Stockhouse and directly from these companies.