Leading Federal Criminal Defense Lawyers Leonard Trial Lawyers Explain Trump Crypto Executive Order.
Among the flurry of Executive Orders, President Trump issued a Crypto Executive Order (see crypto executive order. This represents his attempt at stating and setting a policy that promotes blockchain technology. Of course, going forward, additional legislation and/or regulations may be passed during his administration. Some of the key points are summarized briefly here.
The Crypto Executive Order mandates that some Federal Agencies and other actors with a stake in crypto work together, including for the purposes of identifying recommendations with respect to regulations and guidance that impact the digital asset sector. The Order calls for quick deadlines to come up with a regulatory framework.
The Order also establishes a working group on digital asset markets. The Chair of that group will be David Sacks, and it includes numerous high-placed others. The group will be operating under a tight timeline to conduct its review and to come up with its recommendations.
You can watch for the potential implications that the Order and the group will have on, inter alia, the Treasury Department; the actions of State Attorney Generals; the actions of private plaintiffs and their counsel; and crypto firms.
The Order further calls for the group to “evaluate the potential creation” . . . of a “national digital asset stockpile” that could be made of cryptocurrencies taken by Federal law enforcement. The Order also seeks to protect stablecoins by barring the Government creating a digital currency.
We will continue to report on the actions and recommendations of the working group created by the Order.
Matthew Chivari
Leonard Trial Lawyers
February 3, 2025