In January 2025, President Donald Trump initiated significant changes to U.S. cryptocurrency policy through an executive order titled "Strengthening American Leadership in Digital Financial Technology." This order revoked previous directives from the Biden administration, explicitly banned the creation of a U.S. Central Bank Digital Currency (CBDC), and set a 180-day deadline for federal agencies to develop a comprehensive regulatory framework for digital assets.
To spearhead this initiative, venture capitalist David Sacks was appointed to lead the President's Working Group on Digital Asset Markets. This group
is tasked with proposing new regulations and exploring the establishment of a national cryptocurrency reserve, potentially utilizing lawfully seized digital assets.The executive order emphasizes support for private, dollar-backed stablecoins as a means to maintain U.S. dollar dominance in the digital age. By promoting stablecoin adoption, the administration aims to integrate these digital assets into the financial system, potentially boosting demand for U.S. Treasuries.
In line with this strategy, President Trump nominated Brian Quintenz as Chairman of the Commodity Futures Trading Commission (CFTC). Quintenz, a former CFTC commissioner with extensive experience in both financial and cryptocurrency sectors, is expected to play a pivotal role in shaping the regulatory landscape for digital assets.
These actions reflect a broader shift towards a more crypto-friendly regulatory environment, aiming to position the United States as a leader in digital financial innovation.
Related words: Trump, Crypto Strategy, Regulation, Stablecoins, Bitcoin Policy, Digital Assets, finance, english sections
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