Strengthening U.S. Leadership in Digital Financial Technology: Analysis of the Executive Order from January 23, 2025
On January 23, 2025, President of the United States It issued a far-reaching executive order aimed at strengthening the country’s leadership in digital financial technology. This order is designed to promote the responsible use of digital assets and blockchain technologies while protecting economic freedom and individual rights. At its core, the directive aims to position the United States as a global leader in digital innovation, especially related to cryptocurrencies and cryptocurrencies. Below are the central points of this groundbreaking executive action.
- Promote the growth and use of digital assets
The main goal of the Executive Order is to promote the growth of digital assets, blockchain technology, and related technologies. The President emphasizes that these technologies play a critical role in innovation and economic development, as well as in strengthening U.S. international leadership. Particular attention is paid to protecting access to public blockchain networks for individuals and private entities. This includes the right to develop and publish software, engage in mining and validation, conduct transactions without illegal oversight, and maintain the self-corpus of digital assets. - Protect the US dollar and promote stablecoins
Another key aspect of the executive order is to protect and promote the US dollar, especially through the development of dollar-backed stablecoins. The United States is expected to play a global leadership role in the StableCoin sector, focusing on its legality and responsible use. - Regulatory clarity and protection of financial freedom
The order calls for the establishment of clear, technology-neutral regulatory frameworks that represent emerging technologies and enable transparent decision-making. The goal is to support a vibrant and inclusive digital economy. At the same time, the order aims to create a regulatory structure for digital assets, including stablecoins and cryptocurrencies, addressing market structure, supervision, consumer protection, and risk management. - Ban on central bank digital currencies (CBDCS)
One of the most controversial points of the executive order is the outright ban on central bank digital currencies (CBDCs) within the US market. The order stresses that CBDCs could threaten the stability of the financial system, individual privacy, and sovereignty of the United States. As a result, all ongoing projects related to CBDC development within the United States must be halted. - Establishment of the President’s Working Group on Digital Asset Markets
To implement the goals outlined in the Executive Order, a new working group on digital asset markets is being created within the National Economic Council. This group, which will include high-level officials from the Departments of Treasury, Justice, Commerce and Homeland Security, will focus on crafting a federal regulatory framework for digital assets. The working group will also consider creating a national stockpile of digital assets, potentially made up of cryptocurrencies legally seized by the US government. - Repeal and reform current regulations
The executive order repeals previous Executive Order 14067, issued on March 9, 2022, which focused on the responsible development of digital assets. In addition, all existing directives and regulations that conflict with the new directives will be reviewed or repealed to ensure a coherent regulatory approach and guide thinking.
conclusion
This Executive Order represents a critical step toward the clear, regulated, and future-proof use of digital assets in the United States, not only signaling the United States’ intent to lead the global digital financial technology market but also ensuring that national interests in security, privacy, and economic sovereignty are protected. The coming months and years will reveal the impact of these measures on the digital economy and the global financial landscape.
