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Bitcoin Rallies As Trump Signs Executive Order on Crypto
Bitcoin prices are rallying today as bulls get their first glimmer of hope from President Trump. Yesterday, Trump signed an executive order to establish a task group aimed at delivering new crypto regulation and proposals regarding a national cryptocurrency stockpile. The order also prohibits the creation of central bank digital currencies in the US, to avoid competition with traditional crypto coins. Finally, the order signed yesterday also serves to protect crypto companies access to banking and lending services. Alongside the signing of the executive order yesterday, the SEC also removed accounting guidance which ... (full story)
