Brett (brett) 
US Lawmakers Back President’s Executive Orders on Digital Assets and AI
Two prominent US lawmakers have expressed strong support for President Trump’s recent executive orders advancing digital assets and artificial intelligence. French Hill, Chair of the House Financial Services Committee, and Bryan Steil, Chair of the Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee, have welcomed the move.
The executive orders, signed on January 23, reaffirm the President’s commitment to ensuring US dominance in these technologies. They established the President’s Working Group on Digital Asset Markets, aimed at fostering collaboration between Congress, regulatory agencies, and key stakeholders to develop a functional regulatory framework.
A Pro-Industry Stance
Hill and Steil praised the move, stating,
We applaud President Trump for taking important steps to ensure America remains a leader in digital financial technology on the international stage. The President’s Working Group will strengthen US leadership and allow for critical collaboration to get this right.
In a statement, the congressmen emphasized their efforts to counteract the regulatory approach of former SEC Chair Gary Gensler, which they described as harmful to the digital asset ecosystem. They also highlighted their opposition to a US-issued Central Bank Digital Currency, citing privacy concerns, while advocating for private-sector innovation in dollar-backed stablecoins.
Key Takeaways
Some key points from the lawmakers’ statement include:
- Support for the President’s Working Group on Digital Asset Markets to develop a functional regulatory framework.
- Opposition to a US-issued Central Bank Digital Currency due to privacy concerns.
- Advocacy for private-sector innovation in dollar-backed stablecoins.
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