Fact Sheet: Executive Order Establishes US Leadership in Digital Financial Technology
President Donald J. Trump has signed an Executive Order aimed at establishing regulatory clarity and ensuring United States leadership in the digital financial technology sector. This move is intended to secure America’s position as a leader in the digital asset economy, driving innovation and economic opportunities for all Americans.
The Executive Order establishes the Presidential Working Group on Digital Asset Markets, which is tasked with developing a Federal regulatory framework governing digital assets, including stablecoins. Additionally, the Working Group will evaluate the creation of a strategic national digital assets stockpile. Chaired by the White House AI & Crypto Czar, the Working Group includes key figures such as the Secretary of the Treasury and the Chairman of the Securities and Exchange Commission, as well as heads of other relevant departments and agencies.
To ensure informed decision-making, the White House AI & Crypto Czar will engage leading experts in digital assets and digital markets. The Executive Order also directs departments and agencies to identify and recommend any regulations and agency actions in the digital assets sector that should be rescinded or modified.
Furthermore, the Executive Order prohibits agencies from undertaking actions to establish, issue, or promote central bank digital currencies (CBDCs). This move aims to eliminate regulatory overreach and promote American economic liberty by revoking the previous Administration’s Digital Assets Executive Order and the Treasury Department’s Framework for International Engagement on Digital Assets. These earlier policies were seen as suppressing innovation and undermining the U.S.’s global leadership in digital finance.
By taking this step, President Trump aims to position the United States as the “crypto capital of the planet.” The administration plans to foster innovation in digital financial technology by halting enforcement actions and regulatory overreach that have hindered crypto innovation in the past.
President Trump envisions a future where innovation thrives, regulatory frameworks are clear, and economic liberty is protected in the digital financial technology sector. The administration is committed to ensuring that the growth of digital financial technology is not impeded by unnecessary regulations or government interference.
In conclusion, the Executive Order signed by President Trump signifies a significant step towards securing U.S. leadership in digital financial technology and creating a conducive environment for innovation and economic growth in the digital asset economy.
