The White House published a fact sheet on an executive order signed by President Donald J. Trump establishing the Presidential Working Group on Digital Asset Markets to develop a federal regulatory framework for digital assets, including stablecoins, and to evaluate the creation of a strategic national digital assets stockpile. The order also directs federal departments and agencies to identify regulations and other agency actions affecting the digital assets sector that should be rescinded or modified, and prohibits agencies from undertaking any action to establish, issue, or promote central bank digital currencies (CBDCs). The Working Group will be chaired by the White House AI & Crypto Czar and include the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, and the heads of other relevant departments and agencies. The AI & Crypto Czar is directed to engage leading experts in digital assets and digital markets outside the Federal Government. The executive order revokes the previous Administration’s digital assets executive order and the Treasury Department’s Framework for International Engagement on Digital Assets.
The White House 2025-01-23
United States' White House creates Presidential Working Group on Digital Asset Markets and prohibits agencies from promoting central bank digital currencies
The White House released a fact sheet on President Trump's executive order establishing the Presidential Working Group on Digital Asset Markets to create a federal regulatory framework and evaluate a national digital assets stockpile. The order mandates federal agencies to review and potentially rescind regulations affecting the digital assets sector and prohibits actions related to central bank digital currencies. The Working Group, chaired by the White House AI & Crypto Czar, includes key federal leaders and will consult external digital asset experts.