Trump Signs Orders to Build a Quantum Computer | CoinDesk Daily

**Jennifer Sanasie** (0:00)
The Nasdaq sell-off bleeds into digital assets, and the US wants to build a big quantum computer. This is CoinDesk Daily.
Bitcoin dipped 5% to around $62,000 following a slide in mega cap tech and rising bond yields that pulled US stocks lower on Monday. The rest of the crypto market was also caught in the broad retreat after investors rotated out of this year's best performing tech stocks. This marks a shift in what's steering crypto prices from the Iran story to AI driven tech trades. President Trump has signed two executive orders on quantum computing. One pushes to build a large scale quantum computer and the other orders the government to defend against one. Federal agencies have until 2030 to move their most sensitive systems to post quantum cryptography. And the US. Senate has moved to ban the Federal Reserve from issuing a digital dollar.
Lawmakers tucked a four-year CBDC ban into the 21st Century Road to Housing Act, which passed Monday night in an 85-to-5 vote. If the House signs off and President Trump signs it, the ban becomes law through the end of 2030 Get more updates on coindesk.com.