President Trump’s Stablcoin EO: What It Means for American Innovation, Crypto Taxation, and Global Dominance
8th March 2025
Alex Tabarrok, a Real Economist.
I’m a professor of economics at George Mason University and today I’m going to share my screen and we are going to be talking about President Trump’s crypto executive order and what it means for American innovation, crypto taxation, and the global dominance of the dollar. Okay, so let’s get going. I’m going to pull several key sentences from the crypto order, including the first promoting and protecting the sovereignty of the United States dollar, including through actions to promote the development and growth of lawful and legitimate dollar backed stable coins worldwide. So first of all, what’s a stable coin? Well, we all know the price of Bitcoin and Bitcoin fluctuates. It’s 120, it’s 80 today. It goes up and down. It’s actually not a good transactions medium for that reason. So despite what Satoshi Nakamoto wanted, it’s not a good transactions medium. Stable coins, in contrast to Bitcoin are designed to maintain a stable value, typically relative to an already established currency.