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Three days into his second term, President Trump signed an executive order establishing a clear regulatory framework for digital financial technology while explicitly banning central bank digital currencies (CBDCs) within US jurisdiction.
The order, titled “Strengthening American Leadership in Digital Financial Technology,” creates a presidential working group chaired by former PayPal executive David Sacks to explore digital asset markets and potentially establish a strategic national digital assets stockpile.
Trump’s directive promotes dollar-backed stablecoins and blockchain innovation while revoking Biden-era policies deemed restrictive to US economic liberty. The move aligns with Trump’s campaign promises to make the US the “Bitcoin superpower” and “crypto capital” of the world, coming after Bitcoin’s price surge above $100,000 in December 2024.
The order defines digital assets broadly, including cryptocurrencies, digital tokens, and stablecoins, while specifically prohibiting CBDCs, which Trump views as “a dangerous threat to freedom.”
