Executive Order Establishing U.S. Leadership in Digital Financial Technology – The White House

Ensuring American leadership in digital financial technology: Today, President Donald J. Trump issued an executive order to establish regulatory clarity for digital financial technology and secure America’s position as the world’s leader in the digital asset economy, driving innovation and economic opportunity for all Americans.

• The Executive Order establishes the Presidential Working Group on Digital Asset Markets to advance 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 digital asset stockpile.
  • The working group will be chaired by the White House AI and Crypto Czar and include the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, and the heads of other relevant departments and agencies.
  • The White House AI & Crypto Czar will partner with leading experts in digital assets and digital markets to ensure that the actions of the working group are informed by expertise beyond the federal government.
• The Executive Order directs departments and agencies to identify and make recommendations to a working group on which regulations and other agency actions affecting the digital asset sector should be rescinded or modified.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 repeals the previous administration’s Digital Assets Executive Order and the Treasury Department’s framework for international engagement in digital assets that suppressed innovation and undermined U.S. economic freedom and global leadership in digital finance.

Eliminate regulatory overreach on digital assets and protect American economic freedom: President Trump is fulfilling his promise to make the United States the “crypto capital of the planet.”

• President Trump will help make the United States the center of digital fintech innovation by halting the aggressive enforcement actions and regulatory overreach that stifled crypto innovation under previous administrations.
• President Trump’s policy vision represents an unprecedented step toward welcoming in a new era for digital financial technology; One in which President Trump’s administration will work to ensure that innovation thrives, 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.