President Trump Bans Central Bank Digital Currency (CBDC) In Huge Win For Freedom

Winning! Fulfilling his campaign promise, President Trump signed the executive order, “Strengthening American Leadership In Digital Financial Technology.” This EO officially banned the creation and issuance of a central bank digital currency (CBDC) in the United States, defining a CBDC as “a form of digital money or monetary value, denominated in the national unit of account, that is a direct liability of the central bank.”

This was going to be abused by big banks as a social credit score where they could freeze your money for wrong think. We previously have seen banks take these abusive actions, debanking conservative and other right leaning groups. Our organization, AFDI, was de-banked by JP Morgan Chase.

The CBDC is one of the greatest threats to our freedom because the government could track every dollar you spend and even “turn off” your money.

“Except to the extent required by law, agencies are hereby prohibited from undertaking any action to establish, issue, or promote CBDCs within the jurisdiction of the United States or abroad,” the order announced. “Except to the extent required by law, any ongoing plans or initiatives at any agency related to the creation of a CBDC within the jurisdiction of the United States shall be immediately terminated, and no further actions may be taken to develop or implement such plans or initiatives.”

The new EO will also establish a presidential working group to create a federal regulatory framework governing digital assets (including stablecoins), and evaluate the creation of a strategic national digital assets stockpile.

President Trump has signed an executive order banning Central Bank Digital Currency (CBDC)

This was going to be abused by big banks as a social credit score where they could freeze your money for wrong think

Huge day for freedom pic.twitter.com/QSyLZec5u7

— DC_Draino (@DC_Draino) January 23, 2025

Central Bank Digital Currency (CBDC) takes all the elements of cancel culture, ESG, and surveillance and parlays them into a programmable monetary system controlled by the state. https://t.co/K5NByWzC3i pic.twitter.com/yLwCWngZLe

— Joshua Stylman (@jstylman) March 4, 2023

Trump issues executive order banning creation of central bank digital currency, strengthens US stance on cryptocurrencies

The executive order also sets up a presidential working group tasked with developing a federal regulatory framework for digital assets, including stablecoins. The group’s responsibilities will include evaluating the establishment of a national digital assets stockpile.

MSN: US President Donald Trump has banned the creation and issuance of Central Bank Digital Currency (CBDC) in the United States.

While campaigning for the US Presidential Elections, Trump had often mentioned banning CBDC once he entered the office.

The executive order banning CBDC defines it as “a form of digital money or monetary value, denominated in the national unit of account, that is a direct liability of the central bank.”

The order cites concerns such as risks related to privacy, sovereignty, and financial stability over using CBDC. As an alternative to CBDCs, the order seeks a stronger, private-sector-led digital asset ecosystem with special emphasis on dollar-backed stablecoins.

The agencies are now prohibited from taking action to issue or promote CBDCs in the US and abroad. CBDCs can be issued only if required by the law.

“Except to the extent required by law, any ongoing plans or initiatives at any agency related to the creation of a CBDC within the jurisdiction of the United States shall be immediately terminated, and no further actions may be taken to develop or implement such plans or initiatives,” the order said.