Today, President Donald Trump signed an executive order (EO) titled “Strengthening American Leadership in Digital Financial Technology,” marking a significant move in the cryptocurrency space. The EO officially bans the creation and issuance of a central bank digital currency (CBDC) in the United States, defining a CBDC as “a form of digital money or monetary value, denominated in the national unit of account, that is a direct liability of the central bank.”
Trump has just said he is now signing an executive order on crypto
1/23/2025
The order declares: “Except to the extent required by law, agencies are hereby prohibited from undertaking any action to establish, issue, or promote CBDCs within the jurisdiction of the United States or abroad. Except to the extent required by law, any ongoing plans or initiatives at any agency related to the creation of a CBDC within the jurisdiction of the United States shall be immediately terminated, and no further actions may be taken to develop or implement such plans or initiatives.”
In addition to banning CBDCs, the EO establishes a presidential working group tasked with creating a federal regulatory framework for digital assets, including cryptocurrencies and stablecoins. The group will also evaluate the potential creation of a strategic national digital assets stockpile.
“The Working Group’s report shall consider provisions for market structure, oversight, consumer protection, and risk management,” the order states. “The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.”
The EO defines “digital asset” as any digital representation of value recorded on a distributed ledger, encompassing cryptocurrencies like bitcoin, digital tokens, and stablecoins.
The national stockpile is expected to primarily consist of bitcoin. During the Bitcoin 2024 Conference in Nashville last summer, Trump pledged to create a strategic bitcoin reserve using bitcoin already in government possession from law enforcement seizures and hacks. According to data from Arkham Intelligence, the U.S. currently holds 198,109 bitcoin, valued at over $20.1 billion.
FEATURED NEWS
The Trump Administration has been mulling ways to get more Americans married and having kids — ...
4/22/2025 US Dollar is now used in nearly 50% of global payments, the highest level in more than 12 years...
4/22/2025 Expect a ‘severe’ market reaction if Trump tries to fire Powell, says Evercore ISI’s Krishna Gu...
4/22/2025 DHL will now suspend consumer shipments ‘from any origin’ that are over $800 because of a tarif...
4/22/2025
Stay Updated
Subscribe to our newsletter for the latest financial insights and news.
+With Unusual Whales
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.