Close Menu
TechBrunchTechBrunch
  • Home
  • AI
  • Apps
  • Crypto
  • Security
  • Startups
  • TechCrunch
  • Venture

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

North America accounts for the majority of AI VC investment despite the harsh political environment

June 5, 2025

iOS 19: All the rumor changes that Apple could bring to the new operating system

June 4, 2025

Ransomware Gangs claim responsibility for Kettering Health Hack

June 4, 2025
Facebook X (Twitter) Instagram
TechBrunchTechBrunch
  • Home
  • AI

    OpenAI seeks to extend human lifespans with the help of longevity startups

    January 17, 2025

    Farewell to the $200 million woolly mammoth and TikTok

    January 17, 2025

    Nord Security founder launches Nexos.ai to help enterprises move AI projects from pilot to production

    January 17, 2025

    Data proves it remains difficult for startups to raise capital, even though VCs invested $75 billion in the fourth quarter

    January 16, 2025

    Apple suspends AI notification summaries for news after generating false alerts

    January 16, 2025
  • Apps

    iOS 19: All the rumor changes that Apple could bring to the new operating system

    June 4, 2025

    SNAP launches Lens Studio iOS and Web Apps for creating AR lenses with AI and simple tools

    June 4, 2025

    RevenueCat and Paddle team up to help app developers make money from web payments

    June 4, 2025

    Venmo introduces new debit card perks and payment options as a rival cash app struggle

    June 4, 2025

    ChatGpt introduces conference recordings and connectors for Google Drive, Box, and more

    June 4, 2025
  • Crypto

    GameStop bought $500 million in Bitcoin

    May 28, 2025

    Vote for the session you want to watch in 2025

    May 26, 2025

    Save $900 + 90% from 2 tickets to destroy 2025 in the last 24 hours

    May 25, 2025

    Only 3 days left to save up to $900 to destroy the 2025 pass

    May 23, 2025

    Starting from up to $900 from Ticep, 90% off +1 in 2025

    May 22, 2025
  • Security

    Ransomware Gangs claim responsibility for Kettering Health Hack

    June 4, 2025

    Former CTO of CrowdStrike's cyber-rivals and how automation can undermine security for early-stage startups

    June 4, 2025

    Data breaches at newspaper giant Lee Enterprises impact 40,000 people

    June 4, 2025

    Phone Chipmaker Qualcomm fixes 3 zero-days exploited by hackers

    June 3, 2025

    Indian grocery startup Kiranapro has been hacked and its server has been removed, CEO confirms

    June 3, 2025
  • Startups

    7 days left: Founders and VCs save over $300 on all stage passes

    March 24, 2025

    AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

    March 24, 2025

    20 Hottest Open Source Startups of 2024

    March 22, 2025

    Andrill may build a weapons factory in the UK

    March 21, 2025

    Startup Weekly: Wiz bets paid off at M&A Rich Week

    March 21, 2025
  • TechCrunch

    OpenSea takes a long-term view with a focus on UX despite NFT sales remaining low

    February 8, 2024

    AI will save software companies' growth dreams

    February 8, 2024

    B2B and B2C are not about who buys, but how you sell

    February 5, 2024

    It's time for venture capital to break away from fast fashion

    February 3, 2024

    a16z's Chris Dixon believes it's time to focus on blockchain use cases rather than speculation

    February 2, 2024
  • Venture

    North America accounts for the majority of AI VC investment despite the harsh political environment

    June 5, 2025

    3 days left: Charge all your locations in stages on TC Expo Floor

    June 4, 2025

    From $5 to Financial Empowerment: Why Stash co-founder Brandon Krieg is a must-see for TechCrunch All Stage 2025

    June 4, 2025

    TC Session: Ticket's AI Trivia Challenge ends tonight

    June 4, 2025

    Now, deals accusing customers of “spoofing” spies

    June 3, 2025
TechBrunchTechBrunch

President Trump orders creation of task force to assess virtual currency stockpiles

TechBrunchBy TechBrunchJanuary 23, 20253 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest Telegram Email


President Donald Trump on Thursday proposed federal regulations for “digital assets,” including virtual currencies, digital tokens and stablecoins, and ordered the creation of a task force to assess the nation's crypto stockpiles.

The task force will be led by David Sachs, former PayPal chief operating officer and founder of VC firm Craft Ventures, whom President Trump named the “emperor” of cryptocurrencies and AI. The group also includes the Treasury Secretary, Attorney General, Secretary of Commerce, and other government officials.

President Trump’s latest executive order, titled “Strengthening U.S. Leadership in Digital Financial Technology,” comes as the Securities and Exchange Commission, currently led by crypto-friendly Republican Mark Ueda, has “clarified the The order was issued two days after the virtual currency special committee was set up to draw appropriate regulatory lines. market. Mr. Ueda will also be a member of the Presidential Working Group.

Former SEC Chairman Gary Gensler had made a name for himself within the crypto community by pursuing stronger regulation of cryptocurrencies.

President Trump's order also protects the rights of individuals to access, use, develop, and transact on public blockchains. This will officially protect blockchain activities as legal.

Signed Thursday, the executive branch repeals Biden-era rules regarding virtual currencies and digital assets. Specifically, it was signed in 2022 to address the risks and exploit the potential benefits of digital assets and their underlying blockchain technology, while emphasizing the need to protect consumers and investors. Repeals former President Joe Biden's executive order. President Trump's order would also repeal the framework issued by the Treasury Department in 2022 for international engagement in virtual currency and blockchain development.

While Biden-era policies focused on risk mitigation and international cooperation, President Trump's executive orders prioritize economic freedom and U.S. sovereignty.

Another major difference is that Biden's executive order directs various federal agencies to consider developing a U.S. central bank digital currency (CBDC). President Trump's order bans CBDCs, meaning governments cannot create digital versions of the dollar that are directly controlled by central banks. At the same time, the order promotes privately issued USD-backed stablecoins with the aim of strengthening the dollar's dominance in global trade and digital finance.

In other words, Trump is demonstrating his determination to keep cryptocurrencies under a decentralized financial system.

It is worth noting that President Trump launched the meme coin $TRUMP just days before his inauguration. Memecoin was valued at $6.84 billion as of Thursday afternoon. Critics have warned that Trump's tokens are eroding the boundaries between the president's political and business interests, and have the makings of a classic pump-and-dump scheme. Some people claim that.

Previous administrations have approached the world of cryptocurrencies cautiously due to concerns that cryptocurrencies could easily be used in connection with illegal activities such as ransomware payments and money laundering. . One of the most prescient examples of the dangers of cryptocurrencies was the collapse of cryptocurrency trading platform FTX, which revealed massive fraud, misappropriation of customer funds, and lack of regulatory oversight.

Many in the crypto industry argue that the FTX crash is why clearer regulations designed for the industry are needed. There are also some companies, like Chaineries, that have made strides in building trust in cryptocurrencies by providing compliance and investigation software to track cryptocurrencies.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

GameStop bought $500 million in Bitcoin

May 28, 2025

Vote for the session you want to watch in 2025

May 26, 2025

Save $900 + 90% from 2 tickets to destroy 2025 in the last 24 hours

May 25, 2025

Only 3 days left to save up to $900 to destroy the 2025 pass

May 23, 2025

Starting from up to $900 from Ticep, 90% off +1 in 2025

May 22, 2025

Early savings for 2025 will end on May 25th

May 21, 2025

Leave A Reply Cancel Reply

Top Reviews
Editors Picks

7 days left: Founders and VCs save over $300 on all stage passes

March 24, 2025

AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

March 24, 2025

20 Hottest Open Source Startups of 2024

March 22, 2025

Andrill may build a weapons factory in the UK

March 21, 2025
About Us
About Us

Welcome to Tech Brunch, your go-to destination for cutting-edge insights, news, and analysis in the fields of Artificial Intelligence (AI), Cryptocurrency, Technology, and Startups. At Tech Brunch, we are passionate about exploring the latest trends, innovations, and developments shaping the future of these dynamic industries.

Our Picks

North America accounts for the majority of AI VC investment despite the harsh political environment

June 5, 2025

iOS 19: All the rumor changes that Apple could bring to the new operating system

June 4, 2025

Ransomware Gangs claim responsibility for Kettering Health Hack

June 4, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

© 2025 TechBrunch. Designed by TechBrunch.
  • Home
  • About Tech Brunch
  • Advertise with Tech Brunch
  • Contact us
  • DMCA Notice
  • Privacy Policy
  • Terms of Use

Type above and press Enter to search. Press Esc to cancel.