Strengthening American Leadership in Digital Financial Technology

On January 23, 2025, President Donald Trump signed an executive order aimed at bolstering U.S. leadership in digital financial technology. The order supports the growth of digital assets like cryptocurrencies and stablecoins while prohibiting the establishment of Central Bank Digital Currencies (CBDCs) in the U.S., citing concerns over financial stability, privacy, and national sovereignty. This move revokes previous regulations and establishes a new working group to propose a federal regulatory framework, potentially affecting how digital assets are managed and regulated, with significant implications for the financial industry and international digital finance policies.