#TrumpCryptoOrder

On January 23, 2025, President Donald Trump signed an executive order called "Establishing United States Leadership in Digital Financial Technology." This order will aid in the regulation clarity of digital assets and solidify America's position as a global leader in the digital asset economy.

By executive order, the Presidential Working Group on Digital Asset Markets is established and headed by Special Advisor for AI and Crypto David Sacks. This group consists of persons holding office including the Treasury Secretary as well as the Secretary of Homeland Security, among others. Their main duties involve; drawing up a federal regulatory framework for digital assets, reviewing and considering the need to create a strategic national stockpile of digital assets, as well as advancing the global development of dollar-backed stablecoins.

Importantly, the order bars the development and utilization of central bank digital currencies (CBDCs) in the country. It also rescinds prior orders on cryptocurrencyexchanges to mark a new policy course for the country regarding digital financial technology.

The move is something of a landmark shift in the U.S. digital-asset policy, with the objective to put the country at the top rank globally both in crypto and AI.