The Trump Crypto Order, officially known as "Strengthening American Leadership in Digital Financial Technology," is an executive order signed by President Trump on January 23, 2025. This order aims to promote U.S. leadership in digital assets and financial technology, while protecting economic liberty.
*Key Objectives:*
- _Supporting Digital Asset Growth_: Promote the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy.
- _Protecting Dollar Sovereignty_: Promote the U.S. dollar's sovereignty through lawful dollar-backed stablecoins.
- _Ensuring Fair Access to Banking Services_: Protect and promote fair and open access to banking services for all law-abiding individuals and private entities.
- _Providing Regulatory Clarity_: Provide regulatory clarity with technology-neutral regulations, frameworks that account for emerging technologies, transparent decision-making, and well-defined jurisdictional regulatory boundaries.
*Establishing a Working Group:*
The order establishes a working group within the National Economic Council (NEC) to propose a federal regulatory framework for digital assets. This group will be chaired by the Special Advisor for AI and Crypto and will include high-level officials from various departments and agencies.
*Prohibiting Central Bank Digital Currencies (CBDCs):*
The order prohibits the development of CBDCs within the U.S. or abroad, citing concerns over privacy, surveillance, and the potential displacement of the private sector in payments innovation.
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