Trump issues executive order banning creation of central bank digital currency, strengthens US stance on cryptocurrencies

In a significant move for the digital financial sector, US President Donald Trump has signed an executive order (EO) titled “Strengthening American Leadership in Digital Financial Technology.” The executive order introduces several key provisions, including a ban on the creation and issuance of a central bank digital currency (CBDC) in the United States, while also establishing measures to regulate digital assets such as cryptocurrencies and stablecoins.