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Trump Signs Executive Order Advancing Cryptocurrency and AI, Disregarding Biden's Policies

President Trump’s executive order promotes cryptocurrency and AI initiatives, including a national digital asset stockpile and an AI action plan, while repealing Biden's policies.

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Overview

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On January 23, 2025, President Trump signed an executive order to bolster U.S. cryptocurrency regulations and create an AI action plan, distancing his administration from previous Biden initiatives. The order includes establishing a national digital asset stockpile, prohibits central bank digital currencies, and sets up a working group for regulatory proposals. Concurrently, Trump appointed David Sacks as his advisor for AI and cryptocurrency, indicating a drive to enhance America's position in digital assets and AI. Trump's approach focuses on easing regulations that he believes hinder innovation, while emphasizing ideological neutrality in AI development.

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