Coin Stories News Block: Trump’s Executive Order on Crypto, SEC Clears Banks for Bitcoin, Silk Road Founder Pardoned, Bullish Bitcoin Talk Hits Davos
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Jan 24, 2025 This week dives into a monumental executive order aimed at creating a digital asset stockpile. The podcast highlights the full pardon of Silk Road founder Ross Ulbricht, sparking discussions about justice and Bitcoin's evolution. The SEC makes waves by rescinding rules to allow banks to custody Bitcoin, signaling a shift in regulatory posture. Conversations at Davos reveal a major push among financial leaders endorsing the cryptocurrency as a viable asset. These developments underline Bitcoin's growing acceptance and potential as a hedge in today's economy.
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Trump's Executive Order
- President Trump signed an executive order to evaluate creating a strategic digital asset stockpile.
- The order aims to protect self-custody, prohibit a central bank digital currency, and establish a framework for digital assets.
Trump's Meme Coin
- President Trump launched his own meme coin, which subsequently crashed.
- This highlighted the difference between meme coins and Bitcoin's decentralized nature.
Ross Ulbricht's Pardon
- Ross Ulbricht, creator of Silk Road, received a full pardon from President Trump.
- This was celebrated by Bitcoiners, but some questioned it due to Silk Road’s illicit activities.