@fogofunknowns: Aug 20, 2026 On August 19, 2026, President Donald Trump held a meeting at the White House with executives from the cryptocurrency, finance, and technology industries. The gathering took place ahead of the inaugural meeting of the Commodity Futures Trading Commission’s Innovation Advisory Committee on August 20. During remarks, Trump reaffirmed his administration’s opposition to a U.S. central bank digital currency. He stated that he had signed a historic executive order banning any attempt by the federal government to create a CBDC. He has previously described such a currency as a threat to individual privacy, the stability of the financial system, and U.S. sovereignty, arguing it would give the government excessive control over citizens’ spending and financial activity. Trump also criticized the Federal Reserve’s interest rate policy. He said the United States pays higher rates than other countries that benefit from the strength of the American economy, noting that each percentage point in interest rates equates to roughly $600 billion. He praised Fed Chairman Kevin Warsh for doing a “great job” but described the Fed’s board as political, with members appointed under previous administrations. Trump argued that strong economic data should allow rates to fall rather than rise and called for lower rates as soon as possible. Industry leaders present included Coinbase CEO Brian Armstrong, Gemini co-founders Tyler and Cameron Winklevoss, Chainlink CEO Sergey Nazarov, and Robinhood CEO Vlad Tenev. Armstrong credited the administration with delivering on a commitment to make the United States the crypto capital of the world. The Winklevoss brothers emphasized American leadership in crypto and related markets such as prediction markets. Nazarov and Tenev expressed support for regulatory progress enabled by the administration and said they look forward to further collaboration on expanding capital markets and ownership. The meeting highlighted ongoing efforts to provide clearer rules for digital assets following earlier actions that include the GENIUS Act on stablecoins, the creation of a Strategic Bitcoin Reserve, and related regulatory initiatives. #breakingnews #news #viral #Trending #economy

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Thursday 20 August 2026 16:48:24 GMT