Trump Signs Executive Order to Make the US the Global Crypto Capital

Trump’s Bold Move: A New Era for Crypto Innovation in the US
Crypto Czar David Sacks Leads US Push to Dominate the Digital Asset World
Trump’s Executive Order: The US’s Path to Becoming the World’s Crypto Hub
Trump Targets Crypto Leadership: Executive Order Sets US Up to Win Big

On January 23, US President Donald Trump signed an executive order in the Oval Office to establish a working group on cryptocurrencies. The committee will be headed by venture investor and Trump’s designated ‘Crypto Czar’, David Sacks. The group also includes the Secretary of the Treasury and the Chairman of the Securities and Exchange Commission (SEC).

According to the directive signed by Trump, the ‘President’s Working Group on Digital Asset Markets’ has been tasked with identifying all regulations and orders that impact the digital asset sector. The group will submit recommendations on what regulations should be modified or rescinded.

“The digital asset industry plays a crucial role in innovation and economic development in the United States, as well as our nation’s international leadership. It is therefore the policy of my administration to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy,” the directive reads.

What Does the ‘Crypto Czar’ Say About the Executive Order?
David Sacks, who was appointed by Trump as the White House’s AI and Crypto Czar in December, spoke about the executive order. He emphasized that the initiative is aimed at making the US the global leader in both cryptocurrency and artificial intelligence (AI).

“President Trump campaigned to be the first crypto President. He earlier described how he would change the regulatory environment for crypto, and he is now acting on that promise. He has directed our working group to produce a regulatory framework that will encourage innovation in crypto in the United States, keeping the industry onshore rather than driving it offshore, as was happening under the Biden administration,” Sacks said in an interview with Fox Business.

Sacks criticized the Biden administration, stating that over the past four years, it had “prosecuted and persecuted crypto companies,” forcing many to relocate outside the US. He added, “The industry wants more than anything else is regulatory clarity.”

The executive order instructs the working group to submit its recommendations regarding the regulatory framework for the issuance and operation of digital assets, including stablecoins. The committee will also assess the potential creation of a national digital asset stockpile, which could be built from cryptocurrencies seized by the US government.

Trump’s Promise to Make the US the Crypto Capital of the World
The White House confirmed on January 23 that Trump is fulfilling his promise to make the United States the “crypto capital of the planet.” During the signing ceremony, Sacks noted, “We’re going to be forming an internal working group to make America the world capital in crypto under your leadership.” In a brief response, Trump commented, “Crypto is going up.”

Later, the White House stated that Trump’s initiative will make the US the center of digital financial technology innovation by stopping “aggressive enforcement actions and regulatory overreach” that stifled crypto innovation under previous administrations.

“Trump’s policy vision marks an unprecedented step towards welcoming a new era for digital financial technology, one where innovation thrives, regulatory frameworks are clear, and economic liberty is protected,” the White House added.

The growth of digital financial technology in the US will no longer be hindered by restrictive regulations or unnecessary government interference, according to the White House.

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