Working Group on Digital Assets to Release Report by September 2025?
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Official publications or press releases from the President's Working Group on Digital Asset Markets
Trump Signs Order Banning Federal Agencies from Establishing or Promoting Central Bank Digital Currencies
Jan 23, 2025, 09:00 PM
On January 23, 2025, President Donald Trump signed an executive order banning federal agencies from establishing, issuing, or promoting central bank digital currencies (CBDCs). The order states, "The Executive Order prohibits agencies from undertaking any action to establish, issue, or promote central bank digital currencies (CBDCs)." This prohibition applies both within the United States and abroad, effectively halting any federal efforts to develop a digital version of the U.S. dollar. Additionally, the executive order establishes a President's Working Group on Digital Asset Markets to recommend regulatory and legislative proposals regarding digital assets.
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