President Trump Signs Executive Order on Cryptocurrency

Trump signs executive order on cryptocurrency, forming a working group to regulate digital assets, strengthen innovation, and boost U.S. leadership.

The U.S. President Trump has officially signed an executive order on cryptocurrency to strengthen the nation’s leadership in digital finance. Fox reporter Eleanor Terrett shared this development through her X account.

The Presidential Executive Order creates the Working Group on Digital Asset Markets tasked with designing federal regulatory guidelines for digital assets. It provides stablecoin oversight along with an assessment of creating a national digital asset strategic reserve.

David Sacks will serve as chairman of the Working Group in his capacity as White House AI and Crypto Czar. The Working Group on Digital Asset Markets counts among its members the Secretary of the Treasury, the SEC Chair, and several other leading department heads. The group will consult external Federal Government leaders to make knowledgeable decisions.

Trump Executive Order Targets Clear Rules for Cryptocurrency Asset Industry

A new Trump presidential directive brings critical revisions to the United States government approach toward digital assets. The previous administration’s executive order on digital assets alongside the Treasury Department’s international framework receives its termination through this action. Early U.S. digital asset regulations faced criticism because they blocked innovation while damaging America’s position in digital finance markets.

Federal agencies now lack the authority to establish, issue or promote central bank digital currencies according to the new directive. The Federal Government cannot develop CBDCs until appropriate regulations become available due to this prevention order.

The order requires agencies to pinpoint which digital asset regulations and actions should undergo repeal or amendments. The recommendations outlined will progress to the Presidential Working Group’s control for deeper analysis.

The establishment of this working group establishes a calculated strategy that will strengthen America’s position in the fast-paced digital finance market. The directive demonstrates an administrative determination to boost innovative growth alongside creating distinct rules for digital asset industries.

David Sacks leads the Working Group along with government leaders and industry experts to play a vital role in the development of digital assets across the United States. The executive order demonstrates the country’s intention to drive its dominance in digital economic leadership worldwide.