Stable Coin

The last time I substantively wrote about cryptocurrencies and the crypto industry was in April 2023, when the SEC was firmly hostile against the industry and a slew of negative events (FTX collapse, etc..) pretty well eliminated crypto as an active element in the capital markets (see HERE).  That has changed!

Here is a recap of the newly regenerated crypto capital markets initiatives:

Digital Asset Executive Order

On January 23, 2025, President Trump signed an executive order entitled “Strengthening American Leadership in Digital Financial Technology” supporting the growth of the digital asset industry in the U.S.  The order specifically:

• Protects and promotes the ability of individual citizens and private-sector entities to access and use open blockchain including the ability to develop and deploy software to participate in mining and validating crypto assets;
• Allow individual citizens and private-sector entities to self-custody digital assets;
• Promotes and protects the U.S. dollar through the development and growth of dollar backed stablecoins;