{"id":9490,"date":"2025-01-24T11:47:39","date_gmt":"2025-01-24T11:47:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=9490"},"modified":"2025-01-24T11:47:39","modified_gmt":"2025-01-24T11:47:39","slug":"trump-signs-crypto-executive-order-with-david-sacks-heres-everything-you-need-to-know","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=9490","title":{"rendered":"Trump Signs Crypto Executive Order With David Sacks: Here\u2019s Everything You Need to Know"},"content":{"rendered":"
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David Sacks and 47th US President Donald Trump<\/a> just made digital asset history. Well, kind of.<\/p>\n

Trump just signed an executive order to make the U.S. the \u201ccrypto capital of the world.\u201d<\/p>\n

While the order stops short of creating a national bitcoin stockpile, a concept long championed by crypto advocates, it signals a shift toward institutionalizing and regulating the digital asset space.<\/p>\n

David Sacks: BTC Maxis Aren\u2019t Happy, Yet<\/h2>\n

Bitcoin Maxis on Twitter is saying that if Trump doesn\u2019t create a Bitcoin reserve, it\u2019s treason. Lmao, even.<\/p>\n

What they\u2019re most mad about is\u00a0the possibility of other crypto being included besides Bitcoin in Trump\u2019s Strategic Reserve<\/p>\n

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(X<\/a>)<\/figcaption><\/figure>\n

The White House\u2019s new Digital Asset Working Group, led by Trump insider David Sacks, will draw on top officials from the Treasury, the Justice Department, and the SEC. The group aims to establish rules for cryptocurrencies and stablecoins while encouraging tech innovation.<\/p>\n

According to the executive order<\/a>, digital assets are crucial to U.S. economic progress and global leadership. The team has been given 30 days to produce its first report, which will spotlight policy gaps and opportunities.<\/p>\n

I\u2019m Tired Boss \u2026 The Details Inside The Executive Order<\/h2>\n

I just read the entire EO<\/a>. Here are the details most pertinent to you:<\/p>\n

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  • USD Remaind King<\/strong>: (ii) promoting and protecting the sovereignty of the United States dollar, including through actions to promote the development and growth of lawful and legitimate dollar-backed stablecoins worldwide;<\/li>\n
  • DOLLAR-BACKED stablecoins:\u00a0<\/strong>Clearly, they still want USD to remain the dominant currency<\/li>\n
  • Crypto Taxes:\u00a0<\/strong><\/strong>Lighten the tax burden<\/a> for US-based digital asset companies<\/li>\n
  • CBDC Prevention:<\/strong> (v) taking measures to protect Americans from the risks of Central Bank Digital Currencies (CBDCs), which threaten the stability of the financial system, individual privacy, and the sovereignty of the United States, including by prohibiting the establishment, issuance, circulation, and use of a CBDC within the jurisdiction of the United States.<\/li>\n<\/ul>\n

    I assume that the last part means that the United States will recognize no de facto cryptocurrency.<\/p>\n

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    \"\ud83d\udea8\"NEW: Trump shouts out AI and Crypto Czar, David Sacks, “There’s nobody like this guy. They said, how did you get David Sacks? How did you do that? He’s doing it for the country more than anything else. We appreciate it, David. Thank you very much.” \"\ud83d\udd25\" @DavidSacks<\/a> pic.twitter.com\/fmaLlpNIdA<\/a><\/p>\n

    \u2014 Autism Capital \"\ud83e\udde9\" (@AutismCapital) January 23, 2025<\/a><\/p>\n<\/blockquote>\n