On Jan 23, President Trump signed an EO that aims to make U.S. “world capital of crypto,” fulfilling campaign promise to crypto supporters. Crypto EO Creates working group to explore “national digital asset stockpile.”
The Crypto Executive Order signed by President Donald Trump in 2025, titled “Strengthening American Leadership in Digital Financial Technology,” focuses on several key aspects:
Regulatory Clarity and Innovation: The EO aims to establish a clear regulatory framework for digital assets to promote innovation and position the U.S. as a leader in the digital finance sector. It emphasizes supporting the growth and use of digital assets, blockchain technology, and related technologies across various sectors of the economy.
Creation of a Presidential Working Group: This group, chaired by the White House AI & Crypto Czar David Sacks, includes members from various departments like Treasury and the SEC. The group’s tasks include developing federal regulations for digital assets, including stablecoins, and evaluating the possibility of creating a national digital asset stockpile, potentially from cryptocurrencies seized by law enforcement.
Prohibition of Central Bank Digital Currencies (CBDCs): The order explicitly bans the establishment, issuance, or promotion of CBDCs within U.S. jurisdiction, reflecting concerns over privacy, financial stability, and sovereignty.
Revocation of Previous Policies: It revokes Executive Order 14067 from the Biden administration and the Treasury Department’s “Framework for International Engagement on Digital Assets,” arguing these suppressed innovation and hindered U.S. leadership in digital finance.
Support for Dollar-backed Stablecoins: The EO promotes lawful dollar-backed stablecoins, aiming to maintain the U.S. dollar’s sovereignty in the digital asset space.
Protection of Blockchain Networks: It ensures the protection of open public blockchain networks, participation in mining and validation, and self-custody of digital assets without unlawful interference.
Regulatory Overhaul: Within 30 days, agencies must identify regulations affecting the digital asset sector for potential rescission or modification, aiming to reduce regulatory overreach and support industry growth.
This executive action reflects a significant policy shift towards fostering a pro-crypto environment in the U.S., with a focus on regulatory clarity, innovation, and national security while explicitly opposing CBDCs.
Following that, Freshman Legislator Logan Manhart has introduced a bill to create a “strategic BITCOIN reserve” in South Dakota. Reach out to him if you can help with proponent testimony.
