On January 23, 2025, President Donald Trump signed an executive order titled “Strengthening American Leadership in Digital Financial Technology.” This order aims to promote U.S. leadership in blockchain, digital assets, and other emerging financial technologies. It establishes a working group tasked with proposing new digital asset regulations and exploring the creation of a national cryptocurrency stockpile. The order also emphasizes ensuring access to open public blockchain networks for lawful purposes, promoting U.S. dollar-backed stablecoins, and prohibiting the establishment of central bank digital currencies (CBDCs) in the United States.
Additionally, the executive order revokes former President Joe Biden’s Executive Order 14067, “Ensuring Responsible Development of Digital Assets,” and the U.S. Department of the Treasury’s “Framework for International Engagement on Digital Assets” from July 2022. All policies, directives, and guidance issued pursuant to these previous directives are rescinded.
This move is seen as a significant shift in U.S. crypto policy, aligning with President Trump’s campaign promises to support the cryptocurrency industry. The executive order also mandates that banking services for crypto companies be protected, addressing industry concerns about access to traditional financial services.
