On January 23, 2025, President Donald Trump signed an executive order titled "Strengthening American Leadership in Digital Financial Technology" to regulate and promote the cryptocurrency industry. The order establishes the Presidential Task Force on Digital Asset Markets, led by David Sacks, which is tasked with proposing a federal regulatory framework for digital assets within 180 days. It also prohibits the creation and use of central bank digital currencies (CBDCs) in the United States. Additionally, the order mandates that banking services for crypto companies be protected, addressing industry concerns about access to financial services. The administration aims to position the U.S. as a global leader in both cryptocurrency and artificial intelligence.
