Today, President Donald Trump signed an executive order titled “Strengthening American Leadership in Digital Financial Technology” that aims to bolster the growth of the U.S. digital asset industry. This move comes after concerns over regulations under the Biden Administration and the crypto industry’s significant contributions to Trump’s campaign efforts.
The new policy focuses on protecting citizens’ ability to use digital assets, promoting blockchain technology, and supporting dollar-backed stablecoins while opposing central bank digital currency (CBDC). It also addresses criticisms from U.S. regulators regarding the ‘debanking’ of crypto activities during “Operation Chokepoint 2.0” in 2021.
Trump announced the establishment of a “President’s Working Group on Digital Asset Markets,” led by former U.S. Attorneys David Sacks, to evaluate regulations and promote clear guidelines for digital assets. The group, part of the National Economic Council, aims to create a national stockpile or consider a mix of U.S.-made cryptocurrencies, aligning with efforts like Senator Cynthia Lummis’ BITCOIN Act.
This executive order signals Trump’s commitment to elevating crypto policy and providing a pathway for digital assets to thrive in the U.S., following his promises during the campaign. His administration is poised to play a key role in shaping this critical sector forward.
Source: https://www.forbes.com/sites/jasonbrett/2025/01/23/president-trump-signs-executive-order-to-spark-us-crypto-markets