Trump Signs Sweeping Cryptocurrency Executive Order

The order will revoke existing executive guidance on digital currency, establish a presidential task force, and ban central banks from issuing tokens.

President Donald Trump holds up a signed executive order in the Oval Office of the White House on Jan. 23, 2025. Anna Moneymaker/Getty Images

President Donald Trump issued an executive order banning so-called central bank digital currencies and establishing an executive group to examine the future of digital assets in the United States.

On Jan. 23, as part of a flurry of orders the White House has issued since his inauguration on Jan. 20, Trump signed an order titled “Strengthening American Leadership in Digital Financial Technology.”