Ensuring U.S. Leadership in Digital Financial Technology: President Donald J. Trump today issued an executive order to bring regulatory clarity to digital financial technology and secure America's position as a global leader in the digital asset economy, driving innovation and economic opportunity for all Americans.
The Executive Order establishes the Presidential Task Force on Digital Asset Markets to strengthen U.S. leadership in digital finance. The working group will be tasked with developing a federal regulatory framework governing digital assets, including stablecoins, and evaluating the creation of a strategic national stockpile of digital assets. The working group will be chaired by the White House Artificial Intelligence and Cryptocurrency Officer, and includes the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, and the heads of other departments and agencies. Related. The White House's AI and cryptocurrency czar will engage leading experts in digital assets and digital markets to ensure the working group's actions are informed by expertise beyond the federal government. The Executive Order directs departments and agencies to identify and submit recommendations to the Working Group on any regulations and other agency actions affecting the digital asset sector that should be rescinded or modified. The Executive Order prohibits agencies from taking any action to create, issue, or promote central bank digital currencies (CBDCs). The Executive Order rescinds the administration's previous Executive Order on Digital Assets and the Treasury Department's Framework for International Engagement on Digital Assets that suppressed innovation and undermined U.S. economic freedom and global leadership in digital finance.
Eliminate regulatory abuses on digital assets and protect American economic freedom: President Trump is making good on his promise to make the United States the “crypto capital of the planet.”
President Trump will help make the United States a hub for digital fintech innovation by halting the heavy-handed enforcement and regulatory overreach that hindered cryptocurrency innovation under previous administrations. President Trump's political vision represents an unprecedented step towards welcoming a new era of digital financial technology; This is a stage in which the Trump administration will work to ensure that innovation flourishes, regulatory frameworks are clear, and economic freedom is protected. The growth of digital fintech in America must remain unhindered by restrictive regulations or unnecessary government interference.
