President Donald Trump vowed to take measures to make the United States the “world capital” of crypto, a promise he has already started to fulfill.
On January 23, 2025, a few days after taking the oath of office, Trump’s pro-digital asset stance became apparent when he signed a new executive order to promote the growth and use of digital assets in the country.
The executive order seeks to drive innovation in the financial technology sector, promote the development of clear regulations for cryptocurrencies and other digital assets, establish the U.S. as a digital asset leader, and leverage this asset class to enhance the broader U.S. economy.
Here, we take an in-depth look at what this executive order entails.
The new executive order, “Strengthening American Leadership in Digital Financial Technology,” reflects the Trump administration‘s commitment to promoting U.S. leadership in digital assets and financial technology.
The order aims to support economic liberty, innovation, and the responsible use and growth of blockchain technology, digital assets, and other related technologies across the U.S. Its main objectives are to:
Here’s an in-depth look at the key objectives of the executive order:
The executive order prioritizes safeguarding the rights of businesses and individuals to use, develop, deploy, transact, validate, and maintain self-custody of digital assets. It aims to ensure that people and entities don’t face unlawful censorship, restrictions, or persecution for participating in these activities.
The order also places a strategic focus on the U.S. dollar. It aims to protect the dollar’s sovereignty and dominance in the global financial system by encouraging the development of dollar-backed stablecoins.
This highlights the Trump administration‘s view of digital assets as complementary partners to the dollar rather than competitors.
The order also addresses the challenges people and businesses involved with digital assets previously faced in accessing traditional financial services. Its goal is to ensure fair and open access to banking services for all law-compliant entities and individuals, regardless of whether or not they’re involved with digital assets.
Digital asset regulation is still in a gray area in the U.S., and the order aims to rectify this as well. It pushes for the development of technology-neutral regulations that provide clear legal frameworks for both existing and emerging technologies. It also seeks to define jurisdictional boundaries to support responsible innovation in the digital economy.
Despite countries like Jamaica, Nigeria, and the Bahamas launching CBDCs — and numerous others exploring the possibility of doing the same — the Trump administration is concerned about the risks these currencies pose.
Therefore, the executive order opposes the creation, issuance, distribution, and use of CBDCs within U.S. jurisdiction, citing concerns over privacy, government overreach, and potential risks to the traditional financial system.
The order establishes the President’s Working Group on Digital Asset Markets (Working Group), chaired by White House AI & Crypto Czar David Sacks.
The group is composed of heads of federal government agencies like the U.S. Department of the Treasury, the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and Homeland Security, as well as the:
The Working Group‘s main role is to recommend digital asset legislative and regulatory frameworks. It is expected to:
The Working Group is also tasked with exploring the feasibility of a national digital asset stockpile and drafting a proposal on how to create and maintain it.
The executive order has made significant changes to directives passed by former president Biden and existing policies.
One is the revocation of Executive Order 14067, which explored the potential of a U.S. CBDC. Another is the 2022 Department of the Treasury Framework, “Framework for International Engagement on Digital Assets,” which supported interagency collaboration and developments tied to the establishment of a CBDC.
According to Trump, these initiatives threaten U.S. economic liberty and suppress innovation in the digital asset sector.
Another change is the shift from developing regulations cautiously to actively promoting digital assets. The executive order not only pushes for more regulatory clarity in the digital asset industry but also aims to establish a national digital asset stockpile, which was unheard of during the Biden administration.
Further, the order emphasizes private sector innovation with reduced governmental restrictions by advocating for businesses and individuals with digital asset investments to have open and fair access to financial services.
It also tasks the Working Group with identifying issues affecting the digital asset industry and making recommendations for modifications, which could encourage innovation.
The executive order could have some significant implications for the future of digital finance. Some areas of particular interest are:
The executive order highlights the Trump administration‘s commitment to advancing digital finance. It could help create an environment that fosters responsible digital asset innovation, strengthening the country’s digital economy and attracting global investors.
For example, the Working Group‘s legislative and regulatory proposals could provide clarity in the digital asset sector, encouraging more institutional investors to join the bandwagon. This could strengthen the economy and attract more international investors.
The order’s focus on regulatory clarity is expected to drive the adoption of blockchain technology, particularly among institutional investors.
Further, the development and issuance of stablecoins, as directed in the order, will likely accelerate stablecoin growth and promote broader integration of digital assets across financial systems.
President Trump‘s executive order could position the U.S. as the “world capital” of digital assets. It seeks to provide regulatory clarity, promote fair access to banking services, encourage access to blockchain networks, and foster the development of dollar-backed stablecoins, which could potentially promote the growth of the digital asset sector.
So, if you’ve been considering expanding to the digital asset industry, this may be just the right time.
With AlphaPoint, you can be among the many businesses set to benefit from the executive order. We provide white-label digital asset software to support your crypto ventures, allowing you to go to market quickly without breaking the bank.
Book a demo today to explore our solutions and see how AlphaPoint can help you become a digital asset leader!
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