#TrumpCryptoOrder On January 23, 2025, President Donald Trump signed an executive order titled "Strengthening American Leadership in Digital Financial Technology," aiming to regulate and promote the cryptocurrency industry in the United States. This order establishes the President's Working Group on Digital Asset Markets, led by David Sacks, the White House's Special Advisor for AI and Crypto. The group includes leaders from the Treasury Department, Department of Justice, and the Securities and Exchange Commission (SEC) and is tasked with presenting regulatory and legislative proposals within 180 days.

The executive order encourages access to public blockchain networks, development of related software, mining activities, transaction validation, and personal custody services. It also promotes the global development of dollar-backed stablecoins while prohibiting the establishment of a central bank digital currency (CBDC) in the U.S. Additionally, the order explores creating a national digital asset stockpile, potentially including Bitcoin holdings.

This move marks a significant shift in U.S. digital asset policy, with industry leaders viewing it as a positive development that could reduce regulatory uncertainties and foster innovation. However, the announcement led to a slight decrease in Bitcoin's price, which traded around $103,000 following the news.