US Crypto Policy Tracker

On March 6, 2025, President Trump issued an executive order for the “Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile” (the Order). As a matter of national security, the US maintains several strategic reserves of important materials and scarce resources, including gold, petroleum, pharmaceuticals, medical supplies, and nuclear weapons. The Order establishes separate offices within the US Department of the Treasury to administer and maintain custody of Bitcoin and other digital assets forfeited as part of criminal or civil proceedings, or in satisfaction of penalties imposed by executive agencies. The Order also directs the Secretaries of Treasury and Commerce to develop strategies for acquiring additional digital assets, so long as such strategies are budget neutral and do not impose incremental costs on US taxpayers. The Order directs that within 30 days of the date of the Order, the head of each agency must provide the Secretary of the Treasury and the President’s Working Group on Digital Asset Markets with a full accounting of all Bitcoin and other digital assets in the agency’s possession.

Read more on Latham's Global Fintech & Digital Assets Blog.

On January 23, 2025, President Trump issued an executive order (the Order) on digital assets titled “Strengthening American Leadership in Digital Financial Technology.” The Order asserts at the outset that the digital asset industry is critical for US innovation, economic development, and international leadership. It further undertakes “to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy. …”

The Order establishes the Presidential Working Group on Digital Asset Markets within the National Economic Council. Within 30 days of the Order, the agencies constituting the Working Group must “identify all regulations, guidance documents, orders, or other items that affect the digital asset sector.” Within 60 days, each agency must submit to the Working Group chair a recommendation to either rescind or modify the regulations, guidance documents, orders, or other items identified in the initial sweep, or, for items other than regulations, to adopt them in a regulation.

Read more on Latham’s Global Fintech & Digital Assets Blog.