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President Trump yesterday issued his first crypto executive order. 

The news and ensuing chaos on Crypto Twitter reminded me of Biden’s crypto executive order, published in March 2022. 

Let’s take a trip down memory lane. Here’s what Trump’s report says, and how it differs from Biden’s plans: 

On CBDCs

Trump’s order prohibits federal agencies from establishing, issuing or promoting central bank digital currencies. It calls for any ongoing projects creating a CBDC to be “immediately terminated.” 

CBDCs “threaten the stability of the financial system,…

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