• The Crypto Alarm
  • Posts
  • Trump’s Crypto Executive Order: America is All-In On Crypto

Trump’s Crypto Executive Order: America is All-In On Crypto

This is the most historically important document in the history of crypto, the Strengthening American Leadership in Digital Financial Technology executive order (EO). It unlocks potentially trillions in capital now able to flood into the crypto markets.

For a minute there, we were (a little) worried that President Trump wouldn’t say anything about the crypto industry for weeks, maybe months.

A (slight) concern that we’d see no relevant executive orders coming about Bitcoin or crypto, or anything to do with ‘digital assets’.

Good news, those worries and concerns were misplaced.

This is the most historically important document in the history of crypto. It unlocks potentially trillions in capital now able to flood into the crypto markets. From banks and major financial institutions, to the biggest of them all, the US government.

Today we’re going to look at what this executive order is, what it does and what are the key points that point to a raging crypto bull market.

Source: The White House

Not Just Bitcoin but All of Crypto

It landed yesterday, the Strengthening American Leadership in Digital Financial Technology executive order (EO).

Source: C-SPAN[1]

As the order was placed on his desk, Trump asks, “what’s this one?”

Standing next to him, the person who put the order on his desk…

Sacks replies, ‘This is the crypto EO, we’re going to be forming an internal working group to make America the world capital in crypto under your leadership.’[2]

Trump: ‘Which is really going up, right

Sacks: ‘Absolutely

There’s a pause as Trump signs the order, places down the pen and hands the order back to Sacks.

Trump: ‘Alright David, that’s for you.

Trump then goes on to proclaim, ‘We’re gonna make a LOT OF MONEY for the country.’

This EO is the biggest step forward to date, in making America the world capital of crypto.[3] There are some key points in this historic executive order that we must cover.

Four Key Points From the Crypto EO

There’s a lot of great information in the full executive order. If you want, you can view it in full here.

But there are four key takeaways here that signal the crypto bull market is about to ignite.

1. The abundant use of ‘digital assets’. Bitcoin is not mentioned once in this EO. It’s all about ‘digital assets’ in other words, crypto. This is intentionally broad. It means the whole industry is covered now, not just one aspect of it.

2. Protecting the rights of individuals to get into and use crypto. Anyone can buy, sell, trade, mine, stake, participate in anyway lawfully and reap the rewards.  This is a move for all Americans. Also protecting people’s right to self-custody their assets is big, the former government had wanted to outlaw it, now it’s protected.

3. Banning Central Bank Digital Currencies (CBDCs). This is huge. The government is saying, the most pervasive of big government ideas (a CBDC) will be banned. This also says to all countries around the world considering CBDCs that America is not going to play ball.

4. 180 days to a new look American financial system built on crypto. The clock is ticking. 30 days to identify everything that needs changing for the crypto industry. 60 days to submit changes, or elimination of those items. 180 days to submit to the President proposals for a framework to grow and reap the rewards of the crypto industry.

This is a watershed moment. The start of major worldwide acceptance, integration and use of crypto. Things won’t chance overnight, but there’s now a pathway towards clarity, growth, and success.

Expect to see the frameworks put in place to allow the progression of a strategic Bitcoin reserve, stablecoins in payment networks and all crypto assets in the banking and investment markets. The convergence of TradFi (traditional finance) and DeFi (decentralised finance) has begun!

Trust in crypto,
Adam Atlantic