01/28/2025 | Press release | Distributed by Public on 01/28/2025 17:50
President Donald Trump last week issued an executive order to strengthen U.S. leadership in digital financial technology. The executive order creates the new President's Working Group on Digital Asset Markets, provides regulatory clarity for digital assets and technologies, ends de-banking initiatives, protects blockchain development, prohibits a central bank digital currency, and promotes stablecoins.
This executive order, coupled with similar pro-crypto developments in Congress and at the Securities and Exchange Commission, will have a profound impact on the digital asset industry in the United States and globally.