Trump Signs Executive Order on Digital Assets
John Barry | Thu Jan 23 2025
President Donald Trump has officially signed an executive order aimed at strengthening U.S. leadership in digital financial technology. The order outlines key policies to support the responsible growth and use of digital assets, blockchain technology, and related innovations across various sectors of the economy.
The executive order establishes the United States' commitment to protecting individual access to blockchain networks, promoting the development of legitimate dollar-backed stablecoins, and ensuring fair and open access to banking services for all citizens. Additionally, it emphasizes regulatory clarity and takes a firm stance against Central Bank Digital Currencies (CBDCs), citing concerns over financial stability, individual privacy, and national sovereignty.
President's Working Group on Digital Assets
A notable highlight of the order is the creation of the President’s Working Group on Digital Asset Markets, which will bring together key government agencies to develop a comprehensive regulatory framework for digital assets. The working group will also explore the potential establishment of a national digital asset stockpile, focusing on assets lawfully seized by the federal government.
Another significant action within the order is the revocation of the previous Executive Order 14067 and related policies from the Department of the Treasury, signaling a fresh approach to the regulation and promotion of digital assets in the United States.
With this executive order, the U.S. government is positioning itself at the forefront of financial innovation while ensuring economic liberty and protecting against potential risks posed by digital currencies. The coming months will reveal how these policies will be implemented and their impact on the broader digital economy.
This is the link to the official White House document: https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/
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