Key Insights:
- CZ thinks President Donald Trump’s new executive order opens international banking for Bitcoin.
- The EU halts retaliatory tariffs on U.S. goods in a market-wide shift after signing a trade deal.
- Bitcoin is showing signs of recovery amid the extended trade war.
Binance’s former CEO, Changpeng Zhao, has shared his view about US President Donald Trump’s proposed new executive order. CZ believes the new order would open international banking for cryptocurrencies, particularly Bitcoin (BTC).
New Trump Tariffs to Take Effect from August 7
In an X post, Vivek Sen, a news reporter at Bitcoin Magazine, reiterated CZ’s comments. CZ believes traditional banking will shift to being on-chain in line with the executive order.
His sentiments are likely based on its advantages, such as transparency and speed. On Thursday, July 31, 2025, President Trump signed executive orders to impose tariffs.
The President imposed 15% and 41% tariffs on goods shipped to the U.S. from more than 67 countries. This brings tariffs to the highest levels in more than a century.
The new tariffs are expected to take effect on August 7, giving countries another negotiation window.
Trump administration intends to sell more U.S. products than it imports from other countries. The same was revealed in the text of the first order.
Thus, officials imposed the 15% rate. Trump agreed to set as part of negotiations with trading partners in the EU, Japan, and South Korea.
However, other countries, mainly smaller economies like Syria and Myanmar, faced higher rates. Syria faces a 41% rate, while Myanmar faces a 40% rate. Additionally, Iraq will be hit with a 35% duty, and the Southeast Asian nation of Laos will face 40% tariffs.
President Trump also signed a second order raising tariffs on Canada from 25% to 35%. These executive actions suggest that Trump decided to punish countries he believes have not offered enough concessions.
EU Hits Pause on Trump Tariffs
Meanwhile, industry commentary, The Kobeissi Letter, highlighted that the European Union has paused its retaliatory tariffs on goods. This decision comes after it finalized a U.S. trade deal.
This deal signals a significant de-escalation. Lower tariffs and huge EU investment in U.S. sectors are a bullish macro pivot.
The market may see less friction and smoother supply chains. Also, investors are likely to push risk-on positioning as uncertainty drops.
However, some market players and analysts do not agree that halting retaliatory tariffs could lead to better outcomes in the long run. They claim it is just a temporary fix that masks deeper issues in international trade.
Reaction from Bitcoin
While uncertainty looms due to the recently imposed tariffs, investors have shown improved sentiment for Bitcoin. The leading coin climbed as high as $115,021 earlier today, before dropping to current levels.
As of this writing, BTC price was trading at $113,537, down 1.3% over the past 24 hours. However, BTC has increased 4.9% over the past month. This rally implies the price is consolidating. Hence, a positive market shift will cause the BTC to rally higher.
Besides, the daily trading volume has increased by 13.5% to $57 billion, suggesting increased market activity. This rally follows expectations of Donald Trump’s new executive order. This will permit the integration of crypto firms by banks in the country.
Indeed, international banking rails opening up for BTC is a liquidity supercharger, as CZ opined. If this plays out, it changes the game for Bitcoin globally as it signals serious institutional acceleration.
The spot Bitcoin exchange-traded fund (ETF) market has seen persistent outflows over the past few days. According to Farside Investors’ data, BTC ETFs saw outflows of $323.5 Million on Monday, August 4, 2025.
BlackRock’s IBIT recorded the highest outflows of $292.2 million, followed by Fidelity’s FBTC with $40.1 Million. Sentiments in the Bitcoin ETF market will likely improve if international banking rails open up for Bitcoin. For now, the market is watching to see how this plays out.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
The post Trump’s Order to Unlock Global Banking for Bitcoin, Says CZ appeared first on The Market Periodical.
