Official U.S. government reports or announcements

Trump Signs Order to Make U.S. 'World Capital of Crypto,' Bans CBDCs, Plans Digital Asset Reserve

Jan 23, 2025, 08:34 PM

President Donald Trump signed an executive order titled 'Strengthening American Leadership in Digital Financial Technology' to establish a cryptocurrency working group and develop a national digital asset stockpile. The executive order aims to bolster U.S. leadership in digital finance and make America 'the world capital of crypto.' The Presidential Working Group on Digital Asset Markets, chaired by White House AI and Crypto Czar David Sacks, will develop a federal regulatory framework for digital assets, including stablecoins, and coordinate efforts among the SEC, CFTC, and Treasury. The order also bans the creation of central bank digital currencies (CBDCs) and emphasizes support for digital asset growth while safeguarding economic liberties. The working group will evaluate the potential creation and maintenance of a national digital asset stockpile, which may include cryptocurrencies lawfully seized by the federal government.