Trump signs executive order for crypto working group, prohibiting CBDC
The working group established under the EO will explore federal regulations for stablecoins and a national digital asset stockpile.
US President Donald Trump has signed his first executive order potentially affecting crypto users and industry leaders, which many expected during his first days in office.
In a televised address from the Oval Office on Jan. 23, Trump appeared with his ‘AI and crypto czar’ David Sacks, who explained the executive order to the US President.
According to Sacks, the EO established an “internal working group to make America the world capital in crypto,” with himself chairing the effort.
Donald Trump signing crypto EO on Jan. 23. Source: ABC News
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Author: Turner Wright
