CBDCs officially BANNED under new Trump executive order, fulfilling his campaign promise

By ramontomeydw // 2025-01-25

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President Trump signed an executive order (EO) on Jan. 23 explicitly banning federal agencies from establishing or promoting Central Bank Digital Currencies (CBDCs).
The new EO rescinds the Biden administration's EO 14067, titled the "Ensuring Responsible Development of Digital Assets," and the Department of the Treasury's Framework for International Engagement on Digital Assets.
Trump's opposition to CBDCs is rooted in concerns over government overreach and the potential erosion of financial privacy. Critics warn that CBDCs could enable surveillance, account freezing without due process and exclusion from financial systems based on political or social criteria.
The new EO aligns with Trump's vision of making the U.S. the "crypto capital of the planet." It establishes the Presidential Working Group on Digital Asset Markets, chaired by White House AI and Crypto Czar David Sacks, to develop a federal regulatory framework for digital assets.
By blocking CBDCs, Trump aims to protect the foundational principles of economic liberty and privacy in the United States, aligning with his broader policy vision of fostering innovation and ensuring regulatory clarity in digital financial technology.

Central bank digital currencies (CBDCs) are now officially banned in the U.S., thanks to a new executive order (EO) signed by President Donald Trump. The EO signed Thursday, Jan. 23, explicitly bans federal agencies from undertaking any action to establish or promote CBDCs, a controversial form of digital currency issued by central banks. It also rescinds the Biden administration's EO 14067 titled the Ensuring Responsible Development of Digital Assets and the Department of the Treasury's Framework for International Engagement on Digital Assets. According to a fact sheet from the Trump White House about the new EO, the two edicts "suppressed innovation and undermined U.S. economic liberty and global leadership in digital finance." The EO also fulfills a key campaign promise Trump made during his 2024 presidential bid. During a campaign rally in New Hampshire last January, he declared: "As your president, I will never allow the creation of a CBDC." (Related: Trump tells supporters he will “never allow” a CBDC if re-elected.) "Such a currency would give the federal government absolute control over your money. This would be a dangerous threat to freedom – and I will stop it from coming to America." Trump’s opposition to CBDCs is rooted in concerns over government overreach and the erosion of financial privacy. Critics have long warned that government-controlled digital currencies could be weaponized to surveil citizens, de-bank individuals and exert unprecedented control over personal finances. The dangers of CBDCs are not merely theoretical. As countries like China, India and the European Union explore or implement their own digital currencies, the risks to civil liberties have become increasingly apparent. CBDCs could enable governments to monitor every financial transaction, freeze accounts without due process and exclude individuals from the financial system based on political or social criteria. For a nation founded on principles of individual freedom and limited government, the adoption of a CBDC would represent a seismic shift – one that Trump is determined to prevent.

Rise of digital assets: Trump's plan to secure America's crypto future

Trump's Jan. 23 EO also aligns with his broader vision of making the U.S. the "crypto capital of the planet." By halting his predecessor's regulatory overreach and establishing the Presidential Working Group on Digital Asset Markets, Trump aims to foster innovation and ensure regulatory clarity for the digital asset sector. The working group to be chaired by White House AI and Crypto Czar David Sacks will develop a federal regulatory framework for digital assets, including stablecoins, and evaluate the creation of a strategic national digital assets stockpile. "President Trump's policy vision marks an unprecedented step towards welcoming in a new era for digital financial technology," the White House fact sheet read. "One in which innovation thrives, regulatory frameworks are clear, and economic liberty is protected." The move has been celebrated by the cryptocurrency community, which views digital assets as a means of decentralizing power and reducing government control. Trump reiterated this stance during the 2024 Bitcoin conference in Nashville in July, declaring: "There will never be a CBDC while I am president." While CBDCs promise enhanced transaction efficiency and greater financial inclusion, their potential risks cannot be ignored. The centralization of monetary power, coupled with the threat of surveillance and financial censorship, poses a grave danger to individual freedoms. By blocking the adoption of CBDCs, Trump is not only fulfilling a campaign promise but also protecting the foundational principles of economic liberty and privacy that define the American experience. Head over to CryptoCult.news for more stories about cryptocurrency in the second Trump administration. Watch Alex Jones of InfoWars discussing President Donald Trump's "no CBDCs" promise at the 2024 Bitcoin Conference. This video is from the TNTVNEWS channel on Brighteon.com.

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Rise of digital assets: Trump's plan to secure America's crypto future

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