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Trump Backs Crypto Expansion

January 25, 2025
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Trump Backs Crypto Expansion

In a landmark move to bolster the United States’ leadership in the digital financial space, President Donald Trump has signed an executive order titled “Strengthening American Leadership in Digital Financial Technology.”

The order, issued on January 23, 2025, underscores the administration’s commitment to fostering innovation and economic growth in the burgeoning cryptocurrency and blockchain sectors.

The executive order highlights several key priorities to support the growth and adoption of digital assets while maintaining economic liberty.

Among these priorities is ensuring access to open public blockchain networks for lawful purposes, promoting the sovereignty of the U.S. dollar through lawful dollar-backed stablecoins, and ensuring fair access to banking services for entities within the digital asset industry.

The administration also aims to provide regulatory clarity with technology-neutral regulations and has taken a firm stance against central bank digital currencies, prohibiting their establishment and use in the United States.

Promoting Innovation and Economic Growth

The United States must lead in digital financial technology to maintain its global economic and technological dominance. This executive order ensures that innovation is embraced while protecting the economic liberty of citizens.

To spearhead these efforts, the executive order establishes a new working group within the National Economic Council. This group is tasked with developing a comprehensive federal regulatory framework for digital assets, focusing on market structure, oversight, consumer protection, and risk management.

Additionally, the group will evaluate the potential creation of a national digital asset stockpile to safeguard U.S. interests in this evolving space.

Reversing Previous Policies

In a significant policy reversal, the executive order revokes former President Joe Biden’s Executive Order 14067, issued on March 9, 2022. It also rescinds the U.S. Department of the Treasury’s “Framework for International Engagement on Digital Assets” from July 2022. All policies, directives, and guidance issued under these previous initiatives have been annulled.

A Supportive Regulatory Environment

The executive order’s directives aim to create a supportive regulatory environment for the digital asset industry, providing much-needed clarity for businesses and investors.

By promoting the use of blockchain technology and lawful stablecoins, the administration hopes to enhance the competitiveness of the U.S. dollar in a rapidly digitizing global economy.

The move is seen as a step in the right direction, as it provides regulatory clarity that has been awaited. It is a clear signal that the U.S. is serious about being a global leader in digital financial technology.

Addressing CBDC Concerns

The executive order takes a strong stance against central bank digital currencies, which have been a contentious topic in global financial circles. The order prohibits the development or use of these currencies within the U.S., citing concerns over potential risks to economic liberty and financial privacy.

This move aligns with the administration’s broader goal of promoting private sector-driven innovation over state-controlled financial systems.

The Road Ahead

With the establishment of the NEC’s digital asset working group and a clear policy framework, the U.S. is poised to strengthen its leadership in the global digital financial ecosystem.

Analysts predict that this move will attract significant investment in blockchain and cryptocurrency ventures, further solidifying the country’s position as a hub for digital innovation.

As the world watches, the implications of this executive order will likely shape the future of digital finance, not just in the United States, but globally. For now, the message from Washington is clear: the U.S. is open for business in the digital age.

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        Cryptocurrency apps in the U.S. have surged in popularity due to factors such as the potential for profit, low transaction fees, and increasing user accessibility. These platforms allow users to trade cryptocurrencies easily, offering a decentralized, peer-to-peer model that reduces reliance on traditional financial institutions. 
The ability to buy low and sell high has attracted investors seeking financial gains, while lower fees compared to traditional payment methods make these apps more appealing for online transactions. The increased acceptance of cryptocurrencies by businesses, along with advancements in blockchain technology, security, ease of use, and high liquidity, is fueling the belief that crypto could shape the future of finance.
PYMNTS’ Provider Rankings of Cryptocurrency Apps evaluate the performance of leading platforms based on factors such as user experience, transaction volume, security features and customer service. By analyzing consumer preferences and industry trends, these rankings provide insights into which apps are best meeting the needs of cryptocurrency users, and highlighting the platforms that offer the most reliable, user-friendly and innovative services.
The Top 5
No. 1 is Binance with 98 points.
Founded in 2017, Binance offers a range of services for new and experienced investors. The platform supports over 350 cryptocurrencies, including popular options like bitcoin and ethereum, along with niche altcoins. This variety, combined with high liquidity, ensures users can quickly execute transactions with minimal price slippage.
A key feature of Binance is its competitive fee structure, which includes discounts for paying with Binance Coin (BNB), making it attractive for frequent traders. The platform also provides advanced trading tools, such as charting and real-time data, and offers margin and futures trading. Its user-friendly interface, including a mobile app, makes it accessible to traders of all experience levels.
Security is a top priority for Binance, with multi-signature wallets, two-factor authentication (2FA), and a Secure Asset Fund for Users (SAFU) protecting funds and personal information. Binance also offers staking, lending and savings options for passive income, appealing to long-term investors. 
No. 2 is Bybit with 91 points.
Bybit is accessible in over 180 countries and offers an intuitive mobile app that provides most of the desktop version’s features, making it convenient for users to manage their crypto investments anywhere. With access to more than 1,200 cryptocurrencies, Bybit allows users to buy, sell, and trade with ease, while offering up to 100x leverage for experienced traders looking to maximize potential profits.
Additionally, Bybit offers Bybit Earn, a feature that allows users to earn interest on their cryptocurrency holdings. This range of services and tools caters to beginner and experienced traders, making it a popular choice in the crypto space.
Tied for second with 91 points is Crypto.com.
Based in Singapore, Crypto.com offers a wide range of services including an app, exchange, DeFi wallet, and NFT marketplace, providing access to over 350 cryptocurrencies. The Crypto.com app allows users to buy, sell and track cryptocurrencies with more than 20 fiat currencies, offering features like price alerts, recurring buys, and TWAP bots to optimize trading. Users can also earn interest on their holdings, spend crypto through the Crypto.com Visa Card, and receive up to 5% cash back on purchases.
For more advanced traders, Crypto.com’s exchange supports over 200 cryptocurrencies, with spot, margin and derivatives trading options. It offers low fees and discounts for those who stake its native token, CRO. The platform also includes automated trading bots and emphasizes security with 2FA. 
KuCoin and Coinbase round out the top five with 83 and 76 points, respectively.
Nos. 6-10
Checking in tied at No. 6 with 74 points is HTX and OKX. 
Nos. 8-10 comprise MEXC, Blockchain.com, and BTCC with 65, 62, and 54 points, respectively.
        
    

        
            
            
                
                    See More In:                    Binance, Blockchain.com, BTCC, ByBit, coinbase, crypto.com, Cryptocurrency, cryptocurrency apps, HTX, Kucoin, MEXC, News, OKX, provider rankings, Provider Rankings of Cryptocurrency Apps, PYMNTS News
                
            
        

        
     – Write an article tittle within 60 characters, no colon. Only output the tittle

Cryptocurrency apps in the U.S. have surged in popularity due to factors such as the potential for profit, low transaction fees, and increasing user accessibility. These platforms allow users to trade cryptocurrencies easily, offering a decentralized, peer-to-peer model that reduces reliance on traditional financial institutions.

The ability to buy low and sell high has attracted investors seeking financial gains, while lower fees compared to traditional payment methods make these apps more appealing for online transactions. The increased acceptance of cryptocurrencies by businesses, along with advancements in blockchain technology, security, ease of use, and high liquidity, is fueling the belief that crypto could shape the future of finance.

PYMNTS’ Provider Rankings of Cryptocurrency Apps evaluate the performance of leading platforms based on factors such as user experience, transaction volume, security features and customer service. By analyzing consumer preferences and industry trends, these rankings provide insights into which apps are best meeting the needs of cryptocurrency users, and highlighting the platforms that offer the most reliable, user-friendly and innovative services.

The Top 5

No. 1 is Binance with 98 points.

Founded in 2017, Binance offers a range of services for new and experienced investors. The platform supports over 350 cryptocurrencies, including popular options like bitcoin and ethereum, along with niche altcoins. This variety, combined with high liquidity, ensures users can quickly execute transactions with minimal price slippage.

A key feature of Binance is its competitive fee structure, which includes discounts for paying with Binance Coin (BNB), making it attractive for frequent traders. The platform also provides advanced trading tools, such as charting and real-time data, and offers margin and futures trading. Its user-friendly interface, including a mobile app, makes it accessible to traders of all experience levels.

Security is a top priority for Binance, with multi-signature wallets, two-factor authentication (2FA), and a Secure Asset Fund for Users (SAFU) protecting funds and personal information. Binance also offers staking, lending and savings options for passive income, appealing to long-term investors.

No. 2 is Bybit with 91 points.

Bybit is accessible in over 180 countries and offers an intuitive mobile app that provides most of the desktop version’s features, making it convenient for users to manage their crypto investments anywhere. With access to more than 1,200 cryptocurrencies, Bybit allows users to buy, sell, and trade with ease, while offering up to 100x leverage for experienced traders looking to maximize potential profits.

Additionally, Bybit offers Bybit Earn, a feature that allows users to earn interest on their cryptocurrency holdings. This range of services and tools caters to beginner and experienced traders, making it a popular choice in the crypto space.

Tied for second with 91 points is Crypto.com.

Based in Singapore, Crypto.com offers a wide range of services including an app, exchange, DeFi wallet, and NFT marketplace, providing access to over 350 cryptocurrencies. The Crypto.com app allows users to buy, sell and track cryptocurrencies with more than 20 fiat currencies, offering features like price alerts, recurring buys, and TWAP bots to optimize trading. Users can also earn interest on their holdings, spend crypto through the Crypto.com Visa Card, and receive up to 5% cash back on purchases.

For more advanced traders, Crypto.com’s exchange supports over 200 cryptocurrencies, with spot, margin and derivatives trading options. It offers low fees and discounts for those who stake its native token, CRO. The platform also includes automated trading bots and emphasizes security with 2FA.

KuCoin and Coinbase round out the top five with 83 and 76 points, respectively.

Nos. 6-10

Checking in tied at No. 6 with 74 points is HTX and OKX.

Nos. 8-10 comprise MEXC, Blockchain.com, and BTCC with 65, 62, and 54 points, respectively.

– Write an article tittle within 60 characters, no colon. Only output the tittle

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