President Donald J. Trump has signed an important Executive Order aimed at ensuring the United States remains a global leader in digital financial technology. The order, titled “Establishing Regulatory Clarity and Securing America’s Position as the World’s Leader in the Digital Asset Economy,” introduces measures to foster innovation and protect economic freedom for all Americans.
The order establishes the Presidential Working Group on Digital Asset Markets (PWGDAM), tasked with creating a Federal regulatory framework for digital assets, including stablecoins. The group will also evaluate the creation of a strategic national digital assets stockpile as part of its efforts to secure U.S. leadership in this field.
Chaired by the White House AI & Crypto Czar, the Working Group includes key government officials such as the Secretary of the Treasury and the Chairman of the Securities and Exchange Commission, along with leading experts from various departments and agencies. This collaborative approach ensures that decisions are informed by both federal and external expertise.
The Executive Order directs departments and agencies to identify any regulations or actions affecting the digital assets sector that should be rescinded or modified. Notably, it prohibits the creation of central bank digital currencies (CBDCs), a move seen as an important step toward curbing government interference in the digital financial ecosystem.
Additionally, the order revokes previous regulations that stifled innovation and undermined U.S. economic liberty and global leadership in digital finance. By taking these actions, President Trump aims to eliminate regulatory overreach and provide a clear regulatory environment for digital financial technology.
This initiative is part of Trump’s broader vision to position the United States as the “crypto capital of the planet,” ensuring that innovation thrives while protecting economic freedom from restrictive regulations or unnecessary government interference.
Source: https://www.whitehouse.gov/fact-sheets/2025/01/fact-sheet-executive-order-to-establish-united-states-leadership-in-digital-financial-technology