Trump Executive Order ‘Game Changer’ for Institutional Crypto Adoption

US President Donald Trump’s executive order banning the creation of central bank digital currencies (CBDCs) in the United States could mark a significant shift in the institutional adoption of cryptocurrencies, according to industry executives.

The decree, signed on January 23, prohibits the creation, issuance, circulation or use of CBDCs, citing concerns about their potential to threaten the stability of the financial system, individual privacy and national sovereignty.

The executive order’s ban on CBDCs is a “game changer” for the U.S. crypto industry, according to Anndy Lian, author and intergovernmental blockchain advisor.

Likewise, the new crypto task force signals a clearer and “more structured” crypto regulatory landscape, Lian told Cointelegraph.