by Emmitt Barry, Worthy News Correspondent
(Worthy News) – US President Donald Trump signed an executive order entitled “Strengthening American Leadership in Digital Financial Technology,” banning the creation of a central bank digital currency (CBDC) in order to protect Americans.
In signing the order, President Trump stated he was protecting Americans from the “risks” of central bank currencies, or CBDCs, which he said “threaten the stability of the financial system, individual privacy, and the sovereignty of the United States.”
The order prohibits “the establishment, issuance, circulation, and use of a CBDC within the jurisdiction of the United States.” CBDCs, or “digital dollars,” that could potentially be issued by the Federal Reserve, allowing the central bank to control the virtual currency’s supply and value.
The new executive order establishes a presidential working group to develop a federal regulatory framework for digital assets, including stablecoins, and assess the creation of a national digital asset stockpile.
The order specifies that the group will consider market structure, oversight, consumer protection, and risk management, and evaluate the potential creation of a stockpile, possibly derived from cryptocurrencies lawfully seized by the federal government through law enforcement efforts.
President Trump stated on the campaign trail his desire to creating a national strategic Bitcoin reserve.
Currently, the U.S. holds 198,109 Bitcoin, valued at over $20.1 billion, according to Arkham Intelligence data,
Copyright 1999-2025 Worthy News. This article was originally published on Worthy News and was reproduced with permission.
More Worthy News
A leading war crimes lawyer at the International Criminal Court (ICC) in The Hague, the Netherlands, has publicly raised doubts that Israel committed genocide in Gaza.
Malaysia’s government says it is launching a “national digital identity ecosystem” named “MyDigital ID Superapp” across the Asian nation.
The Dream Center Christian charity which provides food and housing for those in need in Los Angeles has reported a surging interest in the Gospel among volunteers who have flocked to help bring relief following the recent devastating California wildfires that killed 24 people and destroyed some 12,000 buildings and homes.
President Donald Trump’s first week in office has seen US Immigration and Customs Enforcement (ICE) and federal partner agencies arrest more than 3,500 undocumented migrants, including dozens of members of the notoriously criminal Venezuelan Tren de Aragua gang.
by Karen Faulkner, Worthy News Correspondent (Worthy News) – In a move that may significantly broaden religious rights in America, the US Supreme Court has agreed to hear an appeal from an Oklahoma Catholic school that seeks to become the nation’s first publicly funded religious charter school, the Hill reports. Accepting the case on Friday, the Justices will consider whether Oklahoma’s Supreme Court was right to block St. Isidore of Seville Catholic Virtual School from opening as a public religious charter school. In 2023, the Archdiocese of Oklahoma City requested Oklahoma state funding for a virtual charter school shortly after … Read more
US citizen Ryan Corbett was last week released from nearly 900 days in captivity after being taken hostage by the Taliban in Afghanistan in August 2022.
Blocking government funding for abortions both in the US and abroad, newly inaugurated President Donald Trump on Friday reinstated the Mexico City Policy and the Hyde Amendment.