Trump Signs Executive Order on Cryptocurrency, Promoting Innovation in Digital Assets

U.S. President Donald Trump has signed a new cryptocurrency executive order aimed at strengthening the United States' leadership in the field of digital financial technology by supporting innovation in blockchain and digital assets. The order outlines a framework to promote the growth of the digital asset industry while addressing regulatory clarity, consumer protection, and risks associated with Central Bank Digital Currencies (CBDCs). Key policies include: protecting access to blockchain, supporting U.S. dollar sovereignty, ensuring equitable access to banking services, developing a technology-neutral regulatory framework, and prohibiting the establishment and use of CBDCs. This order rescinds Executive Order 14067 issued in 2022 and establishes a digital asset market working group tasked with proposing a federal regulatory framework and recommending changes to existing regulations.