President Donald Trump delivered on his campaign promise as he signed the executive order to transform the US into the global crypto capital. The executive order portrays a swift action toward delivering regulatory clarity whose absence has condemned the industry to operate in the gray area.

The order signed on Thursday, Jan. 23, aims to cement the US as the global leader in digital assets technology and artificial intelligence (AI). Additionally, the order bars the central bank’s digital currency (CBDC) issuance in the country, which saw GOP politicians criticize it as a pathway to privacy invasion. 

Venture capitalist David Sacks, who Trump entrusted as the crypto and AI czar, witnessed the Oval Office event. The order is poised to facilitate the establishment of a working group to develop clear crypto regulations. 

The signing of the executive order comes after much anticipation that Trump would deliver the pro-crypto promise upon his

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