The Breakdown What the Crypto Executive Order Actually Says
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Jan 28, 2025 Dive into the implications of a recent crypto executive order and its unexpected oversight of Bitcoin. Explore how this shift might reshape regulatory focus while promoting stablecoins over CBDCs. Tune in for insights on the resurgence of crypto startups in the U.S., with industry leaders responding to favorable conditions. Discover the challenges of navigating a volatile meme coin market and the evolving rivalry between the U.S. and U.K. as they adapt to new regulations.
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Executive Order on Crypto
- The executive order redefines U.S. policy towards positive growth of digital assets.
- It establishes a working group for policy recommendations but lacks specifics.
Bitcoin's Absence from the Executive Order
- The executive order doesn't mention Bitcoin specifically, causing concern about a potential "strategic national digital asset stockpile."
- This has sparked debate about whether the stockpile should focus on Bitcoin or include altcoins.
Startups Reshoring
- Crypto startups are returning to the U.S. due to a more favorable regulatory environment.
- A16Z closed their London office, citing the U.S.'s policy momentum.