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Donald Trump’s executive order on crypto, titled “Strengthening American Leadership in Digital Financial Technologies,” has been signed. Here’s exactly what’s inside the order – which utterly revokes that of the more crypto-hostile Biden administration from two years ago. Broadly, the order establishes the “President‘s Working Group on Digital Asset Markets.” It will be chaired by David Sacks – the special advisor for AI and crypto – and include heads of several other agencies like the Treasury Secretary, Attorney General, SEC chairman, and CFTC chairman. Next, the order tasks the DOJ, Treasury, and SEC to identify all recommendations and policies made to crypto within 30 days, and to submit recommendations for whether they should be revised or kept within 60 days. Within 180 days, the Working Group must submit a report to the President with policy recommendations surrounding crypto. In particular, they must propose a regulatory framework for the “issuance and operation of digital assets, including stablecoins.” It must also “evaluate the potential creation and maintenance of a national digital asset stockpile” – reminiscent of the stockpile Trump promised to establish for Bitcoiners in July 2024. This stockpile would potentially be “derived from cryptocurrencies lawfully seized by the Federal Government,” the order stated. The working group will hold public hearings gathering input from crypto industry leaders and experts in establishing their framework. Finally, the order prohibits federal agencies from “undertaking any action to establish, issue, or promote CBDCs within the jurisdiction of the United States or abroad.” The Republican Party – now controlling the House, Senate, and Presidency – has long opposed Democrats’ desire to establish a CBDC. Trump has already followed through on several promises to the Bitcoin community, including granting a pardon to Silk Road founder Ross Ulbricht. The post Trump’s Digital Asset Executive Order: Here’s What’s Inside appeared first on CryptoPotato .
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US Banks May Custody Bitcoin as SEC’s New Guideline Simplifies Compliance and Encourages Crypto Growth
The SEC’s introduction of Staff Accounting Bulletin No. 122 marks a significant shift for US banks, facilitating easier custody of cryptocurrency assets. With this new bulletin in place, banks are Crypto Potato
Memecoin Named After Brian Armstrong’s Dog TOSHI Rises and Falls Following Coinbase Listing
Coinbase is officially listing a new memecoin that uses the name and likeness of the top US crypto exchange’s CEO’s pet dog. According to a new announcement, Coinbase is officially supporting Toshi ( TOSHI ) starting today. “Coinbase will add support for Toshi (TOSHI) on the Base network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on Coinbase and Coinbase Exchange in the regions where trading is supported.” Coinbase is adding support for TOSHI on Base, an Ethereum ( ETH ) layer-2 network incubated by the exchange. The announcement was made yesterday around 4 p.m. EST. Immediately following the announcement, TOSHI leaped from $0.00036803 to $0.00048477, an over 27% gain. However, the dog-themed memecoin has since crashed to lower levels than before the announcement, trading for $0.0003579 at time of writing, down 5.6% overall in the last 24 hours. TOSHI is just one of a multitude of memecoins that have exploded onto the scene in recent months. Though TOSHI is built on Base, many of the trending tokens have been supported through Solana ( SOL ), which is gaining a reputation as a memecoin trading network. According to Armstrong , the surge of interest in SOL-based memecoins lately has caused operational issues for some Coinbase users. “Team is working hard on scaling our Solana infrastructure now – lots of Solana activity last few days, we were not anticipating this level of surge.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generate Image: Midjourney The post Memecoin Named After Brian Armstrong’s Dog TOSHI Rises and Falls Following Coinbase Listing appeared first on The Daily Hodl . Crypto Potato
