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