Prohibiting CBDC, Upholding Dollar Sovereignty, Trump Signs First Crypto Executive Order

Today, U.S. President Trump officially signed the executive order titled "Strengthening America's Leadership in Digital Financial Technologies." This executive action not only signifies the U.S. government's emphasis on the digital asset industry but also provides a clear policy framework for its future development. The core content of the order includes protecting crypto rights, prohibiting CBDCs, safeguarding dollar sovereignty, supporting dollar-backed stablecoins, and introducing a new regulatory framework in 180 days. All agencies must review existing rules impacting the digital asset industry within 30 days and submit recommendations on whether to repeal or modify existing regulations or guidance within 60 days. The executive order also establishes a Presidential Working Group on Digital Asset Markets, composed of heads from various departments, to coordinate actions across the agencies. The order explicitly prohibits Central Bank Digital Currencies (CBDCs) and mandates the termination of any related plans. This move will provide a more stable development environment for the digital asset industry and could reinforce the dollar's dominant position in the international financial system. Trump's crypto executive order is viewed as the formal beginning of a crypto renaissance, injecting new vitality and momentum into the global digital financial market.