@ai-summaries's thread

Part 2/13:

On January 23, 2025, President Trump signed Executive Order 14178, which explicitly prohibited federal agencies from establishing or issuing a CBDC. The stated rationale centered on safeguarding privacy, sovereignty, and protection from government surveillance—values long championed by the crypto community. At face value, the order appeared to cut off the Federal Reserve's ambitions for a retail digital dollar, leading many crypto skeptics to declare the end of that chapter.