Summary
- President Donald Trump of the United States announced his intention to push for legislation that will permanently ban the introduction of CBDCs.
- President Trump has already signed an executive order prohibiting the issuance of CBDCs and stated that it will soon be legislated.
- President Trump also revealed he is about to sign the stablecoin regulation law, the 'GENIUS Act', highlighting the commitment to maintain the reserve currency status of the United States Dollar.
According to foreign media reports on the 18th (local time), President Donald Trump of the United States has once again strongly opposed the introduction of Central Bank Digital Currencies (CBDC) and reaffirmed his intention to create a permanent legal ban on CBDCs.
On this day, President Trump stated, "I have already signed an executive order prohibiting the issuance of CBDCs," adding, "I will soon legislate this into law to establish a permanent ban."
He also mentioned the soon-to-be-signed stablecoin regulatory law, the GENIUS Act, emphasizing, "I will maintain the status of the United States Dollar as the world’s key reserve currency."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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