Press ReleaseNeutral2025-01-23

Rep. Warren Davidson Praises President Trump's Executive Order on Digital Assets

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This press release from Representative Warren Davidson (R-OH) was published on 2025-01-23 and titled "Rep. Warren Davidson Praises President Trump's Executive Order on Digital Assets". It focuses on the environment and touches on technology.

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Rep. Warren Davidson Praises President Trump's Executive Order on Digital Assets

WASHINGTON D.C . - Rep. Warren Davidson (R-OH) issued the following statement Thursday evening regarding President Trump's landmark Executive Order on digital assets. "Under former President Biden and Gary Gensler, digital assets were constantly under attack. Today's Executive Orders on digital assets display real leadership. President Trump's actions will renew growth and innovation in the United States," said Rep. Warren Davidson (R-OH). "With President Trump in the White House and a Republican majority in Congress, the time to achieve meaningful progress for the digital asset industry is now. I look forward to working with my colleagues to draft and pass legislation that allows America to become the world leader in digital assets." Background: The Executive Order establishes the Presidential Working Group on Digital Asset Markets to strengthen U.S. leadership in digital finance. The Working Group will be tasked with developing a Federal regulatory framework governing digital assets, including stablecoins, and evaluating the creation of a strategic national digital assets stockpile. The Working Group will be chaired by the White House AI Crypto Czar and include the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, and the heads of other relevant departments and agencies. The White House AI Crypto Czar will engage leading experts in digital assets and digital markets to ensure that the actions of the Working Group are informed by expertise beyond the Federal Government. The Executive Order directs departments and agencies with identifying and making recommendations to the Working Group on any regulations and other agency actions affecting the digital assets sector that should be rescinded or modified. The Executive Order prohibits agencies from undertaking any action to establish, issue, or promote central bank digital currencies (CBDCs). The Executive Order revokes the previous Administration's Digital Assets Executive Order and the Treasury Department's Framework for International Engagement on Digital Assets which suppressed innovation and undermined U.S. economic liberty and global leadership in digital finance.

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Rep. Warren Davidson Praises President Trump's Executive Order on Digital Assets WASHINGTON D.C . - Rep. Warren Davidson (R-OH) issued the following statement Thursday evening regarding President Trump's landmark Executive Order on digital assets. "Under former President Biden and Gary Gensler, digital assets were constantly under attack. Today's Executive Orders on digital assets display real leadership. President Trump's actions will renew growth and innovation in the United States," said Rep. Warren Davidson (R-OH). "With President Trump in the White House and a Republican majority in Congress, the time to achieve meaningful progress for the digital asset industry is now. I look forward to working with my colleagues to draft and pass legislation that allows America to become the world leader in digital assets." Background: The Executive Order establishes the Presidential Working Group on Digital Asset Markets to strengthen U.S. leadership in digital finance. The Working Group will be tasked with developing a Federal regulatory framework governing digital assets, including stablecoins, and evaluating the creation of a strategic national digital assets stockpile. The Working Group will be chaired by the White House AI Crypto Czar and include the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, and the heads of other relevant departments and agencies. The White House AI Crypto Czar will engage leading experts in digital assets and digital markets to ensure that the actions of the Working Group are informed by expertise beyond the Federal Government. The Executive Order directs departments and agencies with identifying and making recommendations to the Working Group on any regulations and other agency actions affecting the digital assets sector that should be rescinded or modified. The Executive Order prohibits agencies from undertaking any action to establish, issue, or promote central bank digital currencies (CBDCs). The Executive Order revokes the previous Administration's Digital Assets Executive Order and the Treasury Department's Framework for International Engagement on Digital Assets which suppressed innovation and undermined U.S. economic liberty and global leadership in digital finance.