#TrumpCryptoOrder On January 23, 2025, President Donald Trump signed an executive order titled "Strengthening American Leadership in Digital Financial Technology," aiming to bolster the U.S. cryptocurrency industry and establish clear regulatory frameworks.

Key Provisions of the Executive Order:

Establishment of the Presidential Working Group on Digital Asset Markets: This group, chaired by David Sacks, the White House AI & Crypto Czar, includes the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, and other relevant agency heads. Its mandate is to develop a federal regulatory framework for digital assets, including stablecoins, and to evaluate the creation of a strategic national digital assets stockpile.

Prohibition of Central Bank Digital Currencies (CBDCs): The order explicitly prohibits federal agencies from establishing, issuing, or promoting CBDCs in the United States.

Revocation of Previous Administration's Policies: It revokes prior executive orders and frameworks that were seen as suppressing innovation and undermining U.S. leadership in digital finance.

The executive order directs relevant departments and agencies to identify existing regulations affecting the digital assets sector and recommend modifications within 30 days. The Working Group is expected to submit a comprehensive report with policy recommendations within 180 days.

This move aligns with President Trump's commitment to making the United States a global leader in both cryptocurrency and artificial intelligence. Following the announcement, Bitcoin was trading around $104,000, with Ether at approximately $3,331.