Navigating Trump administration executive orders impacting digital assets and cryptocurrency.
By Yvette Valdez, Stephen Wink, Zachary Fallon, Benjamin Naftalis, and Douglas Yatter
See EO: Strengthening American Leadership in Digital Financial Technology
Date Issued: January 23, 2025
Agency Impacted: Treasury, DOJ, SEC, CFTC, DHS
Summary: This EO seeks to enhance US leadership in digital assets and financial technology while protecting economic liberty. It promotes responsible growth and use of digital assets, supports the development of dollar-backed stablecoins, ensures fair banking access, and calls for technology-neutral regulations. The order prohibits Central Bank Digital Currencies (CBDCs) within the US and revokes Biden’s previous EO on Digital Assets and Treasury Department’s Framework for International Engagement on Digital Assets. Additionally, it establishes a President’s Working Group tasked with developing a Federal regulatory framework governing digital assets, including stablecoins, and evaluating the creation of a strategic national digital assets stockpile. This EO directs departments and agencies with identifying and making recommendations on all regulations, guidance, documents, orders, or other items that affect the sector which should be rescinded or modified or adopted into regulation and to submit a report with recommended regulatory and legislative proposals.
Timeline: 30 days to identify; 60 days to recommend; 180 days for legislative and regulatory proposals
Latham & Watkins has a proven track record of guiding clients through transitions in US administrations, leveraging our deep expertise and understanding of the evolving regulatory landscape. In the first week of the Trump Administration, a total of 48 executive orders were issued, marking a significant and rapid commencement of policy changes with potential impacts across business sectors. This package provides a concise analysis by Latham lawyers of 15 key executive orders that are anticipated to have the most substantial business implications.
For a comprehensive list of all executive orders issued, please visit the official White House website.
Additional details about Latham’s capabilities as well as contact information for several Latham lawyers with former government experience or who serve as key contacts in relevant practice areas, can be found at the end of this package.
We welcome the opportunity to connect with you to understand your specific needs and explore how we can assist you in navigating these changes. Please reach out to Latham for more detailed analysis and to stay informed about additional insights as they become available.