Donald Trump just banned official digital currency in the US.

Titled “Strengthening American Leadership in Digital Financial Technology,” the order prohibits any federal agency from developing or promoting a CBDC, terminating all ongoing plans related to such initiatives.

The move reflects Trump’s commitment to keeping digital financial innovation within the private sector while avoiding government-controlled digital currencies. Additionally, the executive order establishes a working group to regulate digital assets, including stablecoins, and evaluate the creation of a national cryptocurrency stockpile.

The proposed stockpile is expected to include Bitcoin, aligning with Trump’s campaign promises.

Last year, he pledged to leverage Bitcoin assets seized by law enforcement to build a strategic reserve. Currently, the U.S. government holds over 198,000 BTC, worth more than $20 billion.

Senator Cynthia Lummis has introduced separate legislation to expand the reserve through large-scale Bitcoin purchases, though it would require congressional approval. Trump also fulfilled another major crypto-related pledge this week by granting a full pardon to Silk Road founder Ross Ulbricht.