In a big move that signals a major shift in U.S. policy, President Donald Trump
Key details of the executive order include, as revealed by Fox Business’ Eleanor Terrett:
National Digital Asset Stockpile – The U.S. will explore the creation of a strategic reserve of digital assets to ensure economic security and boost innovation in the space.
Regulatory Clarity for Crypto – A working group will be set up to develop a federal framework governing digital assets, including stablecoins, and offer clarity on regulation. The group will be chaired by White House AI & Crypto Czar, David Sacks, alongside key figures from the Treasury, SEC, and other relevant agencies.
Commitment to Innovation – The order aims to foster a regulatory environment that supports innovation, making clear that the U.S. will not stand in the way of emerging technologies in the crypto sector.
Ban on CBDCs – The order also prohibits any federal agency from working on the creation or promotion of Central Bank Digital Currencies (CBDCs), maintaining a focus on decentralized cryptocurrencies.
Reversal of Previous Restrictions – The executive order revokes earlier directives from the previous administration that restricted digital asset innovation, including a framework that stifled U.S. leadership in global digital finance.
With this order, Trump’s administration has taken a decisive step toward securing a leadership position in the digital finance world. The creation of the Presidential Working Group on Digital Assets is expected to reshape the landscape for cryptocurrencies, stablecoins, and other blockchain-based innovations in the coming years.
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