President Trump signs executive order officially banning the creation of a Central Bank Digital Currency (CBDC).

16 comments

1. Crypto bros losing their minds

2. Isn’t there a limit to what an Executive Order can do?!

3. So who is gonna tell him he does’nt have unilateral power to just sign a executive order as if it becomes a Law.

4. Dyslexically read that as circumcision instead of circulation and was real confused

5. Good.

6. Look at the leftists they don’t even know what it is, but they want it if President Trump doesn’t

7. What does this mean? Bitcoin?

8. Ignorant post as this is exactly what we wanted.

9. Hilarious. An entirely meaningless order. That would be like me banning Trump from the Whitehouse.

10. Can someone ELI5 what this would mean or try to infer as to why he’s trying to do this?

11. The definition is so vague that it could actually include Bitcoin.

12. Ok. Thats at least two things I agree with. But there are 509 things I don’t.

13. I hope it goes through, we have enough centralization already.

14. So unregulated digital currency? No checks or regulations or reporting- money laundering headaches and law enforcement have just been eliminated

15. See this is where I have an issue. Do I agree with the idea, yes? It’s too much of a slippery slope that could allow government to approve or reject transactions. With the implementation, absolutely not. This needs to go thru Congress, and Republicans have a majority in both houses. Conservatives are supposed to believe in the separation of powers.

16. Trump doesn’t want competition with his cybercurrency, or $Melania’s cybercurrency, is that how I’m supposed to read this?

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