#TrumpCryptoOrder President Donald Trump has signed an executive order that aims to create a federal regulatory framework for digital assets and establish a cryptocurrency advisory board¹. The move is seen as a step toward making the U.S. the hub for digital financial technology.
The executive order establishes a presidential task force to develop digital asset policies, work with Congress to create crypto-friendly legislation, and coordinate efforts among key regulatory agencies, including the Securities and Exchange Commission (SEC) and the Treasury Department¹.
In addition, the order prohibits federal agencies from promoting or implementing central bank digital currencies (CBDCs), reversing the policy direction of the Biden administration².
The task force will be led by David Sacks, the White House’s AI and crypto czar, and will include the Secretary of the Treasury and the Chairman of the SEC².
The move is seen as a step toward creating a more crypto-friendly environment in the U.S., and could have significant implications for the digital asset market.