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- The $1.2 Trillion Question: Inside Trump's Plan to Make America the Crypto Capital
The $1.2 Trillion Question: Inside Trump's Plan to Make America the Crypto Capital
How CBDCs, David Sacks and Five Companies Will Drive Digital Asset Growth
Antoinette Rodriguez, MBA
January 24, 2025
"Well, when you're talking about digital assets, it can be multiple things. You've got digital assets that are securities, you've got digital assets that are commodities, you've got digital assets that are collectibles like NFTs or meme coins. So you're talking about a whole vast area of innovation" David Sacks - White House and Crypto Czar
Trump's Vision for American Crypto Leadership
President Donald Trump's executive order signed on January 23, 2025, marks a watershed moment for cryptocurrency in America, establishing the Presidential Working Group on Digital Asset Markets chaired by White House AI & Crypto Czar David Sacks[1][4]. This decisive action aims to position the United States as the global leader in digital finance while implementing significant policy changes that will reshape the cryptocurrency landscape.
Policy Framework
The executive order introduces several groundbreaking measures, including a comprehensive federal regulatory framework for digital assets and stablecoins, while explicitly prohibiting the development of central bank digital currencies (CBDCs)[2]. The working group, comprising key officials such as the Treasury Secretary, Attorney General, and heads of the SEC and CFTC, has 180 days to submit detailed recommendations for regulatory and legislative proposals[1][8].