Scott Emick
1/23/25
Today, President Donald Trump signed an executive order titled “Strengthening American Leadership in Digital Financial Technology,” aiming to regulate and promote the cryptocurrency industry. The order establishes the Presidential Working Group on Digital Asset Markets, led by David Sacks, tasked with proposing a federal regulatory framework for digital assets within 180 days. Notably, the order prohibits the creation of a central bank digital currency (CBDC) in the U.S. and explores the potential creation of a national digital-asset stockpile.
In other news, David Balland, co-founder of cryptocurrency start-up Ledger, was kidnapped in central France. The kidnappers demanded a substantial ransom in cryptocurrency. French authorities successfully located and freed Balland, arresting ten individuals in connection with the incident. This event underscores the ongoing security challenges in the cryptocurrency sector.
On the market front, Bitcoin is currently trading at approximately $102,378 USD, while Ethereum is priced around $3,218.67 USD. Ripple at $3.09 USD.
Price charts courtesy of Scott Emick’s custom Excel Live Charts
