Fintech & Blockchain

Trump's EO issued on January 25, 2025, states, "The order prohibits federal agencies from establishing, issuing, or promoting CBDCs in the U.S. or abroad, and requires the termination of related initiatives." The BIS is now at loggerheads with Trump and his stablecoin vigilantes. The BIS says that stablecoins resemble “digital bearer instruments" that resemble financial assets more than money.

In accounting, the purpose of a ledger is to track all financial activity in your company: assets, liabilities, purchases, sales, income, and expenses. The government has already created a digital ledger for each citizen to digitalize everything in their life.  "The battle isn’t about stopping a future CBDC—it’s about recognizing the financial surveillance system that already exists. Your financial sovereignty is already under attack, and the last off-ramps are disappearing."

Now it becomes clear why President Trump signed an Executive Order banning the Federal Reserve from issuing Central Bank Digital Currency (CBDC). Arch-Technocrat David Sachs, Trump's appointed czar of Crypto and AI, is side-stepping the Fed to create a stablecoin payment system to be used in States and the Treasury.