Summary of Key Points in President Trump's Executive Order on Encryption in the United States

On January 23, 2025, U.S. President Trump issued the first executive order on cryptocurrency. The ten main points are as follows:

1. Protect and promote the ability of citizens and private sectors to access and use public chains;

2. American citizens can develop and deploy software, participate in mining and verification, conduct transactions, self-custody digital assets;

3. Promote and protect the sovereignty of the dollar, promote the development and growth of dollar-backed stablecoins;

4. Protecting and promoting all law-abiding citizens' fair access to banking services in both public sector entities;

5. Provide regulatory clarity and certainty;

6.Protect Americans from risks associated with CBDCs; prohibit establishment, issuance circulation or usage within US jurisdiction.

7.Revoke Executive Order No:14067 "Ensuring Responsible Development of Digital Assets" & Treasury's "Digital Asset International Participation Framework";

8.Establish a Presidential Digital Asset Market Working Group;
  
9.Propose a federal regulatory framework for managing issuance & operation of US digital assets (including stablecoins);

10.Evaluate possibility of establishing & maintaining national digital asset reserves; propose standards for such reserves.