As for essential bank digital currency, the President opposes that. He made that promise to the American people on the campaign. And while it's not in this specific piece of legislation, He [President Trump] did sign a January executive order banning a central bank digital currency. The administration supports Congress's efforts to codify that executive order into law. And I believe there will be future pieces of legislation in regards to crypto that will be moving through Capitol Hill. (00:11–11:10)
CLAIM
Asserts that President Trump signed an executive order banning central bank digital currency.
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