#TrumpCryptoOrder
January 23, 2025, President Donald Trump signed an executive order titled "Strengthening American Leadership in Digital Financial Technology," aiming to regulate and promote the cryptocurrency industry in the United States. This order establishes the Presidential Working Group on Digital Asset Markets, chaired by David Sacks, the Special Advisor for AI and Crypto. The group's mandate includes developing a federal regulatory framework for digital assets, such as stablecoins, and evaluating the creation of a national digital asset stockpile.
THE WHITE HOUSE
The executive order explicitly prohibits the establishment or promotion of central bank digital currencies (CBDCs) in the U.S. It also revokes previous directives that were seen as suppressing innovation in the digital asset sector. Additionally, the order directs federal agencies to identify and recommend modifications or rescissions of existing regulations that may hinder the growth of digital financial technologies.
THE WHITE HOUSE
This move is part of President Trump's broader strategy to position the United States as a global leader in digital finance by providing regulatory clarity and fostering innovation in the cryptocurrency space.
THE WHITE HOUSE
President Trump Issues Executive Order to Boost Cryptocurrency Industry
Investor's Business Daily
President Trump Issues Order To Turbocharge Crypto Industry, Explore National Stockpile
Today
MarketWatch
Why crypto bulls are cheering Trump's new executive order
Today
Barron's
Trump Creates Working Group to Study Bitcoin Stockpile, Other Changes for Crypto
Today
Sources