Summary
- The United States announced plans to establish a task force to review cryptocurrency policies.
- The task force is expected to provide advice on digital assets and establish the basic framework for regulation.
- It was announced that measures prohibiting the blocking of banking services to cryptocurrency companies and the creation of a Central Bank Digital Currency (CBDC) are included.
President Donald Trump of the United States directed the establishment of a task force on the 23rd (local time) to review cryptocurrency policies. President Trump signed an executive order containing this directive and announced the appointment of David Sachs as the head of the task force, who is the chief officer for cryptocurrency and artificial intelligence (AI).
The cryptocurrency task force will provide advice to the White House on digital asset policies and establish the basic framework for cryptocurrency regulation. Additionally, it plans to submit legislative proposals to the administration, including government digital asset reserve plans, within approximately six months.
The executive order also includes measures prohibiting the blocking of banking services to cryptocurrency companies and the creation of a Central Bank Digital Currency (CBDC).
Reporter Lim Dayeon allopen@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
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