On January 23, 2025, President Donald Trump signed an executive order to create a regulatory framework for digital assets in the United States. The move aims to boost innovation in cryptocurrency and blockchain technology while banning Central Bank Digital Currencies (CBDCs).
The order highlights the importance of digital assets to the economy and innovation. It states that the digital asset industry is key to maintaining the country’s global leadership.
A new “Presidential Working Group on Digital Asset Markets” will develop federal rules for crypto, including stablecoins. The order also suggests creating a “strategic national digital assets stockpile,” which could include Bitcoin reserves. Trump had announced plans for such a reserve at the Bitcoin 2024 conference.
CBDC Ban Enforced
The executive order blocks any efforts to create a CBDC in the U.S., citing concerns over government control. Trump has been a strong opponent of CBDCs, describing them as tools for controlling personal finances. During his 2024 campaign, he pledged to prevent their development.
Support for Crypto Growth
The administration launched a task force on January 21, 2025, to remove regulatory barriers for cryptocurrencies. The SEC also created a crypto-focused team under Acting Chair Mark Uyeda to develop clearer rules for the industry.
On the same day, Trump pardoned Ross Ulbricht, the Silk Road founder sentenced to life in prison. Additionally, Trump launched his own cryptocurrency, TRUMP, on January 17, 2025, which quickly gained popularity on exchanges.
This executive order is part of Trump’s larger vision to make the U.S. a global leader in cryptocurrency innovation.
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