Understanding Executive Orders

An executive order is a directive issued by the president of the United States to manage federal government operations, essentially creating new rules that must be followed within federal branches. Over 14,000 executive orders have been issued historically, all enacted until proven illegal or rescinded by subsequent orders. Trump's recent executive order, aimed at digital financial technology, falls within this long-standing tradition but raises concerns over its implications for financial regulations. The fundamental challenge lies in the scope of executive power and how new directives can easily influence sectors such as cryptocurrency without thorough checks.