Stopping the Central Bank Digital Currency: A Presidential Commitment by Donald Trump
Trump in 2023: “Next, I will immediately order the Treasury Department and other federal agencies to cease and desist all steps toward the creation of a Central Bank Digital Currency. There will never be a C.B.D.C. while I am president of the United States.”
As Promised, Trump Made The EO!
The full details of the executive order can be found here.
On January 23, 2025, President Donald J. Trump issued an executive order to bolster U.S. leadership in digital financial technology. The order emphasizes supporting the growth of digital assets and blockchain technology, ensuring citizens and businesses can lawfully engage with open public blockchain networks. It promotes the development of dollar-backed stablecoins to uphold the U.S. dollar’s sovereignty and mandates clear, technology-neutral regulations to foster innovation.
The order also prohibits the establishment or use of Central Bank Digital Currencies (CBDCs) within the United States, citing concerns over financial stability and individual privacy. Additionally, it establishes the President’s Working Group on Digital Asset Markets to develop a federal regulatory framework for digital assets.
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