Trump Orders Federal Agencies to Stop Work on a US CBDC

Donald Trump signed an order on 23 January 2025 prohibiting federal agencies from establishing, issuing or promoting a central bank digital currency, except where required by law. It directed agencies to terminate related plans and cited privacy and US sovereignty concerns. The same order promoted private digital assets and dollar-backed stablecoins. Washington drew a policy boundary between central bank digital money and privately issued digital assets.