💨 Abstract

The US government has taken significant steps to establish its dominance in the digital economy, with President Trump signing an Executive Order to clarify jurisdictional boundaries in cryptocurrency regulations. The SEC has repealed previous accounting guidance to allow banks easier participation in the digital assets market. The EO aims to promote US dollar-backed stablecoins and ban Central Bank Digital Currency.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖