On January 23, 2025, President Donald Trump signed an executive order aimed at advancing America's leadership in digital assets, particularly blockchain technology.
Ban on Central Bank Digital Currencies (CBDC)
A notable aspect of the executive order is its strong stance against Central Bank Digital Currencies (CBDCs), prohibiting any federal action to create or promote a CBDC within the United States, thus safeguarding privacy and sovereignty.
Creation of a Federal Digital Assets Regulatory Framework
The order establishes a federal regulatory framework for digital assets, including stablecoins and blockchain technologies, via a working group evaluating market structure, consumer protection, and a potential national digital asset stockpile.
Reevaluation of Existing Digital Asset Regulations
The order mandates federal agencies to reevaluate their current regulations on digital assets, proposing updates within 60 days to keep pace with technological advancements.
While the order introduces significant measures, it omits the anticipated national Bitcoin reserve, disappointing some proponents. However, it does plan for a digital asset stockpile, which could strengthen the U.S.'s global financial standing.
