Strengthening American Leadership in Digital Financial Technology

What it means

This order promotes U.S. leadership in digital assets while prohibiting Central Bank Digital Currencies. It establishes a Presidential Working Group to develop a regulatory framework for cryptocurrencies and blockchain technology, and revokes previous crypto regulations from the Biden administration.

Expected impact

• Increased regulatory clarity for cryptocurrency businesses and investors, potentially stimulating innovation and investment in the sector
• Enhanced protection for individuals' rights to use blockchain technologies and maintain self-custody of digital assets
• Resistance from those who supported developing a U.S. Central Bank Digital Currency
• Possible growth in dollar-backed stablecoins as an alternative to CBDCs
• Greater access to banking services for cryptocurrency-related businesses that previously faced challenges