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Wednesday, Apr 02, 2025

President Trump Signs Executive Order to Bolster U.S. Leadership in Digital Financial Technology

President Trump Signs Executive Order to Bolster U.S. Leadership in Digital Financial Technology

New directive establishes a Presidential Working Group on digital assets and revokes prior administration policies
On January 23, 2025, President Donald J. Trump signed an Executive Order aimed at solidifying the United States' leadership in digital financial technology.

The order introduces measures to provide regulatory clarity for digital assets, including stablecoins, and prohibits the development or promotion of central bank digital currencies (CBDCs).

The Executive Order establishes the Presidential Working Group on Digital Asset Markets, tasked with creating a federal regulatory framework for digital assets and evaluating the potential creation of a national digital assets stockpile.

This group will be chaired by the White House AI & Crypto Czar and include key officials such as the Secretary of the Treasury and the Chairman of the Securities and Exchange Commission.

Experts from outside the federal government will also be consulted to ensure the framework is informed by industry expertise.

The directive revokes digital asset-related policies from the previous administration, including its Digital Assets Executive Order and the Treasury Department's Framework for International Engagement on Digital Assets.

According to the White House, these policies were deemed to have restricted innovation and hindered U.S. leadership in the digital financial sector.

The order further directs federal agencies to review existing regulations affecting the digital assets industry and recommend changes to remove barriers to innovation.

It also halts enforcement actions considered overly aggressive in regulating cryptocurrencies and other digital financial technologies.

This initiative marks a significant step in shaping a clear regulatory environment for digital finance in the United States while ensuring that economic liberty and technological innovation are prioritized.

No additional details on implementation timelines were provided in the White House statement.
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