Source: The Bitcoin HistorianFreeing Ulbricht was one of the many campaign promises Trump made to the crypto community.Jan.23 — Ban on digital dollar, establishing a crypto working groupWith an executive order, Trump established an internal working group to focus on making the US “the world capital in crypto.” The order also prohibited “the establishment, issuance, circulation, and use” of a US central bank digital currency (CBDC). CBDCs are a contentious issue in the crypto community, with many privacy activists claiming that they are another form of state surveillance and government control.
US lawmakers subsequently called for an ethics probe into WLFI and cited the president’s ability to influence stablecoin policy as a major conflict of interest with the project. Related: Atkins becomes next SEC chair: What’s next for the crypto industryApril 2 — Liberation DayDoubling down on his belligerent trade policy, Trump levies tariffs on all US trade partners on what he dubs “Liberation Day.” At a special event at the White House, Trump signed an executive order levying reciprocal tariffs on every country with a tariff on US goods, starting at a 10% minimum.
Source: ABC NewsThe working group would kickstart the process for creating the forthcoming US Bitcoin and crypto reserves. Feb.1 — Trade war begins with tariffs on Mexico, China and CanadaOne of the promises of the Trump campaign was to rectify the “bad deals” that the US had with many of its oldest allies and most important trading partners. Just over a week after he was sworn into office, Trump announced sweeping tariffs on Canada, Mexico and China, citing border security concerns and the supposed proliferation of cross-border trade of fentanyl from those countries. The same day, Canada announced retaliatory measures.On Feb.3, Mexico promised to step up security of its northern border, responding to American requests for increased patrols.
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