On January 23, 2025, at 3 PM Eastern Time, U.S. President Trump officially signed an executive order on cryptocurrency, aimed at fulfilling his campaign promise of becoming the "crypto president."
According to Fox News, the details of the cryptocurrency executive order are as follows:
The executive order establishes a Presidential Task Force on Digital Asset Markets to enhance the United States' leadership in the digital finance sector.
The task force's mission is to develop a federal regulatory framework for managing digital assets, including stablecoins, and to evaluate the establishment of a strategic national digital asset reserve.
The task force will be chaired by White House Artificial Intelligence and Cryptocurrency Czar David Sacks, with members including the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, and other heads of relevant departments and agencies.
The White House Artificial Intelligence and Cryptocurrency Czar will hire top experts in digital assets and digital markets to ensure that the task force's actions are guided by experts outside the federal government.
The executive order directs departments and agencies to identify and propose suggestions to the task force regarding any regulations and other agency actions that should be repealed or modified, which affect the digital asset sector.
The executive order prohibits agencies from taking any action to establish, issue, or promote Central Bank Digital Currencies (CBDCs).
The executive order revokes the previous administration's executive order on digital assets and the Treasury Department's framework for international engagement on digital assets, which stifled innovation and undermined the United States' economic freedom and global leadership in digital finance.
Note:
Presidential executive orders are an important tool for the U.S. President to exercise executive power, playing a significant role in shaping both domestic and foreign policies. However, the power of executive orders is limited and subject to constraints by the Constitution, Congress, and the courts.
Executive orders are not laws: While executive orders have the force of law, their status is lower than that of laws.
Executive orders have a limited duration: The next president can modify or repeal the executive orders of the previous president.
Executive orders may provoke controversy: Executive orders often involve complex political and social issues, making them prone to controversy.

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 The executive order establishes the Presidential Digital Asset Market Working Group to strengthen the United States' leadership in the digital finance sector.
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Written by: BitpushNews
On January 23, 2025, at 1:00 PM ET, U.S. President Trump officially signed an executive order on cryptocurrency, fulfilling his campaign promise to become the "Crypto President."

<img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/25/01/24/ebjst0frsolo.png'/>
According to Fox News, the details of the crypto executive order are as follows:
The executive order establishes the Presidential Digital Asset Market Working Group to strengthen the United States' leadership in the digital finance sector.
The task of the working group is to develop a federal regulatory framework for the management of digital assets (including stablecoins) and to assess the establishment of a strategic national digital asset reserve.
The working group will be chaired by White House AI and Cryptocurrency Czar David Sacks, with members including the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, and heads of other relevant departments and agencies.
The White House AI and Cryptocurrency Czar will hire top experts in digital assets and digital markets to ensure the working group's actions are guided by experts outside of the federal government.
The executive order directs departments and agencies to identify and propose recommendations to the working group, indicating which regulations and other agency actions affecting the digital asset sector should be revoked or modified.
The executive order prohibits agencies from taking any action to establish, issue, or promote Central Bank Digital Currencies (CBDCs).
The executive order rescinds the previous administration's executive order on digital assets and the Treasury Department's framework for international engagement on digital assets, which stifled innovation and undermined the United States' economic freedom and global leadership in digital finance.
Bitpush Note:
The presidential executive order is an important tool for the U.S. president to exercise executive power, playing a significant role in shaping both domestic and foreign policy. However, the power of executive orders is limited and is subject to the constraints of the Constitution, Congress, and the courts.
Executive orders are not laws: While executive orders have the force of law, their status is subordinate to that of laws.
Executive orders have a limited duration: The next president can modify or rescind the executive orders of their predecessor.
Executive orders may provoke controversy: Executive orders often involve complex political and social issues, making them prone to controversy.
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What is included in the cryptocurrency executive order signed by Trump?