#TrumpCryptoOrder
On January 23, 2025, President Donald Trump signed an executive order titled "Strengthening American Leadership in Digital Financial Technology," marking a significant shift in U.S. cryptocurrency policy. This order establishes the Presidential Working Group on Digital Asset Markets, tasked with proposing a federal regulatory framework for digital assets within 180 days. The group will evaluate the potential creation of a national digital-asset stockpile, possibly derived from assets seized through law enforcement actions. Notably, the order prohibits the development of a central bank digital currency (CBDC) in the United States.
Industry leaders have welcomed this move, viewing it as a positive development for the crypto sector. Katherine Kirkpatrick Bos, general counsel at crypto-infrastructure company StarkWare, expressed optimism about the order's potential impact. Nathan McCauley, CEO of crypto custodian Anchorage Digital, described it as a "sea change" in U.S. digital-asset policy.
The executive order mandates that the Treasury Department, the Justice Department, the Securities and Exchange Commission, and other relevant agencies identify all regulations affecting the crypto sector within 30 days. The working group is expected to submit its recommendations within 180 days, aiming to provide clarity and support for the industry's growth.
This initiative aligns with President Trump's commitment to making the U.S. a global leader in both cryptocurrency and artificial intelligence. Following the announcement, Bitcoin was trading around $104,000, while Ether was at approximately $3,331.
For a more in-depth analysis of this executive order and its implications, you might find the following video informative: