President Trump signs crypto executive order

Published On Jan 23, 2025, 3:43 PM

President Trump has signed an executive order that clarifies regulations within the crypto industry, aiming to reinforce the U.S.'s position as a leader in digital assets. This order establishes a Presidential Working Group on Digital Asset Markets to develop a federal regulatory framework. It notably halts the promotion of central bank digital currencies and seeks to modify existing digital asset regulations, reversing the more stringent policies of the previous administration. The order is expected to favor a more pro-crypto environment in the U.S.