Trump EO bans CBDCs, A step toward Ending the Federal Reserve, and much more
Agenda 47 is in full swing and Trump's latest Executive Order will unleash prosperity like never before.
Today, Trump signed Strengthening American Leadership In Digital Financial Technology Executive Order, which prohibits “the establishment, issuance, circulation, and use of a CBDC within the jurisdiction of the United States,” according to the order. There is much more in this order that will have a major and sweeping impact on the economy and drive wealth and prosperity in short order. As we’ll discuss, this EO ends the international banking cartels by making them obsolete, while it paves the way for an entirely new digital asset industry, leading to jobs and innovation that will have a positive impact on Americans and the world at large.
I believe that this executive order, in conjunction with other moves Trump is making, like opening up the US oil reserves, establishing sweeping tariffs, and driving trillions of dollars of investment into the US for AI, will radically improve the lives of Americans in short order. Sometime in 2025 thousands of dollars will flow into the pockets of Americans in the form of savings, new jobs, and lower costs.
Trump’s EO Will End the Fed and Unleash the Full Might of the American Economy
In 1913, the Federal Reserve System, a private international bank, received a monopoly to print money and issue credit. For over a century, the Federal Reserve System has acted as a significant obstacle for Americans, making it nearly impossible for them to use their industriousness and ingenuity to create and expand businesses. As a result, Americans that could own their own businesses have to work for major corporations like Google, which rig the economy even further against them.
To make matters worse, only businesses that are sympathetic to the agenda of the globalists receive funding, while at the same time, inflation makes it harder and harder for anyone else to get a business going. Furthermore, regulations have crippled industries that would offer competition, creating the oligopolies that weighed down our economy for far too long. In short, the economy has been rigged against freedom, prosperity, and the American citizen for a very long time, but this is about to change with this latest executive action.
I’ll keep this brief. From a law perspective, anyone can create money to engage in commerce with other citizens. People in jail do it all the time, using anything they can get their hands on to do it, like cigarettes. Cryptocurrencies are a form of currency that is debt-free in that it doesn’t cost interest to secure them for financial transactions. Trump’s Strengthening American Leadership In Digital Financial Technology Executive Order is a step toward unleashing what has long been suppressed by the international banking cartels, like the Fed. And this will, if managed properly, make their system obsolete in short order.
The Executive Order: Strengthening American Leadership In Digital Financial Technology Executive Order
Let’s go through the EO point for point and breakdown what it means.
First here is the EO in full.
By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to promote United States leadership in digital assets and financial technology while protecting economic liberty, it is hereby ordered as follows:
Section 1. Purpose and Policies. (a) The digital asset industry plays a crucial role in innovation and economic development in the United States, as well as our Nation’s international leadership. It is therefore the policy of my Administration to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy, including by:
(i) protecting and promoting the ability of individual citizens and private-sector entities alike to access and use for lawful purposes open public blockchain networks without persecution, including the ability to develop and deploy software, to participate in mining and validating, to transact with other persons without unlawful censorship, and to maintain self-custody of digital assets;
(ii) promoting and protecting the sovereignty of the United States dollar, including through actions to promote the development and growth of lawful and legitimate dollar-backed stablecoins worldwide;
(iii) protecting and promoting fair and open access to banking services for all law-abiding individual citizens and private-sector entities alike;
(iv) providing regulatory clarity and certainty built on technology-neutral regulations, frameworks that account for emerging technologies, transparent decision making, and well-defined jurisdictional regulatory boundaries, all of which are essential to supporting a vibrant and inclusive digital economy and innovation in digital assets, permissionless blockchains, and distributed ledger technologies; and
(v) taking measures to protect Americans from the risks of Central Bank Digital Currencies (CBDCs), which threaten the stability of the financial system, individual privacy, and the sovereignty of the United States, including by prohibiting the establishment, issuance, circulation, and use of a CBDC within the jurisdiction of the United States.
Sec. 2. Definitions. (a) For the purpose of this order, the term “digital asset” refers to any digital representation of value that is recorded on a distributed ledger, including cryptocurrencies, digital tokens, and stablecoins.
(b) The term “blockchain” means any technology where data is:
(i) shared across a network to create a public ledger of verified transactions or information among network participants;
(ii) linked using cryptography to maintain the integrity of the public ledger and to execute other functions;
(iii) distributed among network participants in an automated fashion to concurrently update network participants on the state of the public ledger and any other functions; and
(iv) composed of source code that is publicly available.
(c) “Central Bank Digital Currency” means a form of digital money or monetary value, denominated in the national unit of account, that is a direct liability of the central bank.
Sec. 3. Revocation of Executive Order 14067 and Department of the Treasury Framework of July 7, 2022. (a) Executive Order 14067 of March 9, 2022 (Ensuring Responsible Development of Digital Assets) is hereby revoked.
(b) The Secretary of the Treasury is directed to immediately revoke the Department of the Treasury’s “Framework for International Engagement on Digital Assets,” issued on July 7, 2022.
(c) All policies, directives, and guidance issued pursuant to Executive Order 14067 and the Department of the Treasury’s Framework for International Engagement on Digital Assets are hereby rescinded or shall be rescinded by the Secretary of the Treasury, as appropriate, to the extent they are inconsistent with the provisions of this order.
(d) The Secretary of the Treasury shall take all appropriate measures to ensure compliance with the policies set forth in this order.
Sec. 4. Establishment of the President‘s Working Group on Digital Asset Markets. (a) There is hereby established within the National Economic Council the President’s Working Group on Digital Asset Markets (Working Group). The Working Group shall be chaired by the Special Advisor for AI and Crypto (Chair). In addition to the Chair, the Working Group shall include the following officials, or their designees:
(i) the Secretary of the Treasury;
(ii) the Attorney General;
(iii) the Secretary of Commerce;
(iv) the Secretary of Homeland Security;
(v) the Director of the Office of Management and Budget;
(vi) the Assistant to the President for National Security Affairs;
(vii) the Assistant to the President for National Economic Policy (APEP);
(viii) the Assistant to the President for Science and Technology;
(ix) the Homeland Security Advisor;
(x) the Chairman of the Securities and Exchange Commission; and
(xi) the Chairman of the Commodity Futures Trading
Commission.
(xii) As appropriate and consistent with applicable law, the Chair may invite the heads of other executive departments and agencies (agencies), or other senior officials within the Executive Office of the President, to attend meetings of the Working Group, based on the relevance of their expertise and responsibilities.
(b) Within 30 days of the date of this order, the Department of the Treasury, the Department of Justice, the Securities and Exchange Commission, and other relevant agencies, the heads of which are included in the Working Group, shall identify all regulations, guidance documents, orders, or other items that affect the digital asset sector. Within 60 days of the date of this order, each agency shall submit to the Chair recommendations with respect to whether each identified regulation, guidance document, order, or other item should be rescinded or modified, or, for items other than regulations, adopted in a regulation.
(c) Within 180 days of the date of this order, the Working Group shall submit a report to the President, through the APEP, which shall recommend regulatory and legislative proposals that advance the policies established in this order. In particular, the report shall focus on the following:
(i) The Working Group shall propose a Federal regulatory framework governing the issuance and operation of digital assets, including stablecoins, in the United States. The Working Group’s report shall consider provisions for market structure, oversight, consumer protection, and risk management.
(ii) The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.
(d) The Chair shall designate an Executive Director of the Working Group, who shall be responsible for coordinating its day-to-day functions. On issues affecting the national security, the Working Group shall consult with the National Security Council.
(e) As appropriate and consistent with law, the Working Group shall hold public hearings and receive individual expertise from leaders in digital assets and digital markets.
Sec. 5. Prohibition of Central Bank Digital Currencies.
(a) 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.
(b) 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.
Sec. 6. Severability. (a) If any provision of this order, or the application of any provision to any person or circumstance, is held to be invalid, the remainder of this order and the application of its provisions to any other persons or circumstances shall not be affected thereby.
Sec. 7. General Provisions. (a) Nothing in this order shall be construed to impair or otherwise affect:
(i) the authority granted by law to an executive department, agency, or the head thereof; or
(ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
(b) This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
(c) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
THE WHITE HOUSE,
January 23, 2025.
The Trump administration fully endorses and authorizes the use of digital assets, including cryptocurrencies, which will likely include a modernization of all infrastructure associated with financial transactions and assets. It will not only unleash the power of economic production because industry will no longer need to rely on the suppression nature of the banking system; it will also require major technology infrastructure, which is likely why he launched the Stargate AI project several days ago (see my article for more).
Section 1. Purpose and Policies. (a) The digital asset industry plays a crucial role in innovation and economic development in the United States, as well as our Nation’s international leadership. It is therefore the policy of my Administration to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy, including by:
Cryptocurrencies have been difficult to use in the same way as traditional financial assets. Section 1 makes it clear that this will no longer be the case. Political prosecution will no longer result in the deplatforming of citizens or businesses. We will no longer devalue our money through inflationary means, partly due to the inherent deflationary nature of cryptocurrencies, which increase in value over time instead of decreasing. This simple property of a superior financial technology, the cryptocurrencies, will radically dethrone the produce-nothing-but-inflation stock market and make it much harder for covert interests and corrupt actors to weaponize the economy via inflation.
(i) protecting and promoting the ability of individual citizens and private-sector entities alike to access and use for lawful purposes open public blockchain networks without persecution, including the ability to develop and deploy software, to participate in mining and validating, to transact with other persons without unlawful censorship, and to maintain self-custody of digital assets;
The part to pay attention to is “self-custody.”
When a bank run, robbery, or other event causes you to lose everything, banks are not liable because they “own” your money. If you read the fine print of a bank account disclosure, it says that by depositing your money, you surrender it to the bank, who issues you bank credit that you don’t own in its place. By mandating “self-custody of digital assets,” this makes the entire banking system obsolete. No longer will banks be able to choke out workers, businessmen, or venture capitalists by acting as currency middlemen.
(ii) promoting and protecting the sovereignty of the United States dollar, including through actions to promote the development and growth of lawful and legitimate dollar-backed stablecoins worldwide;
Stablecoins have the power to replace and greatly improve upon the reserve currency system of the world.
By encouraging "the development and growth of lawful and legitimate dollar-backed stablecoins worldwide," banks, trade, and the finance industry will be less likely to use devaluation schemes to make huge amounts of money, if not stop them completely. These schemes take place on the international stage via trade agreements between logistics companies, producers, financiers, central banks, and national governments. The trade war Trump started with China was in part addressing these schemes. Bear in mind, this is how men like George Soros made their billions. This is also how the globalist schemes are financed to a major degree.
(iii) protecting and promoting fair and open access to banking services for all law-abiding individual citizens and private-sector entities alike;
The globalists have been pushing CBDCs under the guise of helping the “unbanked,” which you can read about on the Bank of International Settlements website. For CBDCs to work, the international banking cartels have also been pushing for digital biometric IDs. The push for social credit scores, draconian control, and the globalist future of ultra-condensed 15-minute cities are wrapped up with CBDCs. All of these agendas are significantly compromised with this EO via the measures it provides for.
Trump’s EO does away with this need by providing for the unbanked by “promoting fair and open access to banking services for all law-abiding individual citizens and private-sector entities alike.” This will not only make CBDCs and digital biometric IDs obsolete; it will also create a new industry that creates jobs and makes the development of businesses and industry far more accessible to competent people.
For decades, the banking policies formulated by the international bankers have been hidden behind a veil, allowing them to rig the system in their favor. Because of their monopoly status in most currencies, the Fed here in the US, citizens, businesses, and even governments have been forced to accept these murky policies. Section 4 of the EO makes it clear that no longer will regulations lack clarity or be designed to crush emerging technologies, like crypto.
(iv) providing regulatory clarity and certainty built on technology-neutral regulations, frameworks that account for emerging technologies, transparent decision making, and well-defined jurisdictional regulatory boundaries, all of which are essential to supporting a vibrant and inclusive digital economy and innovation in digital assets, permissionless blockchains, and distributed ledger technologies; and
This EO effectively dismantles the bankers' decades-long artificial monopoly, delivering a devastating blow to the global central banking cartels. If that wasn’t enough, Trump has also banned CBDCs entirely in the US.
(v) taking measures to protect Americans from the risks of Central Bank Digital Currencies (CBDCs), which threaten the stability of the financial system, individual privacy, and the sovereignty of the United States, including by prohibiting the establishment, issuance, circulation, and use of a CBDC within the jurisdiction of the United States.
The suppression of cryptocurrencies and blockchain technology has come from both public (government) and private (bank policy) avenues. The EO defines key terms associated with digital assets that will prevent any further suppression.
Sec. 2. Definitions. (a) For the purpose of this order, the term “digital asset” refers to any digital representation of value that is recorded on a distributed ledger, including cryptocurrencies, digital tokens, and stablecoins.
(b) The term “blockchain” means any technology where data is:
(i) shared across a network to create a public ledger of verified transactions or information among network participants;
(ii) linked using cryptography to maintain the integrity of the public ledger and to execute other functions;
(iii) distributed among network participants in an automated fashion to concurrently update network participants on the state of the public ledger and any other functions; and
(iv) composed of source code that is publicly available.
(c) “Central Bank Digital Currency” means a form of digital money or monetary value, denominated in the national unit of account, that is a direct liability of the central bank.
Banking is more than just bank accounts, credit cards, or finance; it also includes the industry of clearing houses, which will also be significantly impacted through contract-clearing blockchain technology.
These clearinghouses have heretofore enjoyed yet another artificially maintained monopoly, crushing industries that threaten the globalist agenda either by regulation, high fees, or outright deplatforming. These clearing houses have also been places where inflation can take place through devaluation schemes.
The definitions mentioned above, along with other sections of the EO, significantly clarify the situation. Firstly, the EO effectively criminalizes the maintenance of opaque private policies aimed at suppressing specific business activities, while simultaneously disrupting the monopoly itself. New and better clearinghouse services will come online that make these older, expensive solutions obsolete.
Sec. 3. Revocation of Executive Order 14067 and Department of the Treasury Framework of July 7, 2022. (a) Executive Order 14067 of March 9, 2022 (Ensuring Responsible Development of Digital Assets) is hereby revoked.
(b) The Secretary of the Treasury is directed to immediately revoke the Department of the Treasury’s “Framework for International Engagement on Digital Assets,” issued on July 7, 2022.
(c) All policies, directives, and guidance issued pursuant to Executive Order 14067 and the Department of the Treasury’s Framework for International Engagement on Digital Assets are hereby rescinded or shall be rescinded by the Secretary of the Treasury, as appropriate, to the extent they are inconsistent with the provisions of this order.
(d) The Secretary of the Treasury shall take all appropriate measures to ensure compliance with the policies set forth in this order.
Trump has revoked EO 14067, which directed federal agencies to assess the risks and benefits of cryptocurrencies and explore the potential development of a U.S. central bank digital currency (CBDC). The effect was to throw a wet blanket on the clear and present threat that cryptocurrencies represent to the banking cartels. In short, the revocation of this EO flips the tables on any efforts the banking cartels had to hamper cryptos, thereby breaking the dam entirely on this much better currency solution for the modern world.
Further, Trump established the President‘s Working Group on Digital Asset Markets, which will replace the bureaucracy that was formed by EO 14067 and establish a seat at the table for all the emerging technology that will flood the market in the coming months and years insofar as digital assets.
Trump’s EO also defines the authority and scope of the working group in and through the Special Advisor for AI and Crypto.
Sec. 4. Establishment of the President‘s Working Group on Digital Asset Markets. (a) There is hereby established within the National Economic Council the President’s Working Group on Digital Asset Markets (Working Group). The Working Group shall be chaired by the Special Advisor for AI and Crypto (Chair). In addition to the Chair, the Working Group shall include the following officials, or their designees:
(i) the Secretary of the Treasury;
(ii) the Attorney General;
(iii) the Secretary of Commerce;
(iv) the Secretary of Homeland Security;
(v) the Director of the Office of Management and Budget;
(vi) the Assistant to the President for National Security Affairs;
(vii) the Assistant to the President for National Economic Policy (APEP);
(viii) the Assistant to the President for Science and Technology;
(ix) the Homeland Security Advisor;
(x) the Chairman of the Securities and Exchange Commission; and
(xi) the Chairman of the Commodity Futures Trading
The officials above are all intimately connected to the full economy, which means that the directives of the EO will be enforced and secure the development and the expansion of digital assets. This will likely impact any and all black market activities currently taking place through the old banking system, which means that the EO effectively cuts off the funding source for much of the human trafficking, drug trade, shadow banking, and other mechanisms that have been used in the past to fund globalist efforts. For instance, shadow banking has played a significant role in undermining economies, rigging elections, the drug trade, and human trafficking.
The EO establishes a commission, further defining the scope of authority for the launch of the digital asset industry that this EO effectively launches. In other words, Trump is not only breaking the dam the banking cartels have had in place; he is also establishing a lasting bureaucratic authority to control and protect the digital asset industries that will replace the monolith of the now shattered banking system. But unlike previous bureaucracies, transparency and clarity are baked in.
Commission.
(xii) As appropriate and consistent with applicable law, the Chair may invite the heads of other executive departments and agencies (agencies), or other senior officials within the Executive Office of the President, to attend meetings of the Working Group, based on the relevance of their expertise and responsibilities.
Within 180 days, the Working Group will have a plan to implement and enforce the new digital asset industry. This suggests that the new industry could be rolled out as early as late 2025.
(b) Within 30 days of the date of this order, the Department of the Treasury, the Department of Justice, the Securities and Exchange Commission, and other relevant agencies, the heads of which are included in the Working Group, shall identify all regulations, guidance documents, orders, or other items that affect the digital asset sector. Within 60 days of the date of this order, each agency shall submit to the Chair recommendations with respect to whether each identified regulation, guidance document, order, or other item should be rescinded or modified, or, for items other than regulations, adopted in a regulation.
(c) Within 180 days of the date of this order, the Working Group shall submit a report to the President, through the APEP, which shall recommend regulatory and legislative proposals that advance the policies established in this order. In particular, the report shall focus on the following:
The Working Group will present a regulatory framework that will dispel the notion that the digital asset industry lacks clarity and transparency, particularly compared to the current banking system. This will, in effect, be a complete revamping of the financial system, likely making it impossible for the current Fed system to operate.
(i) The Working Group shall propose a Federal regulatory framework governing the issuance and operation of digital assets, including stablecoins, in the United States. The Working Group’s report shall consider provisions for market structure, oversight, consumer protection, and risk management.
The Sovereign Wealth Fund that Trump hinted at in late 2024 will likely be made up of digital asset baskets, which will be stockpiled to make it unnecessary for the US to ever need a central bank like the Fed in the future.
(ii) The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.
Open hearings will help industries anticipate and make proceedings transparent for citizens. This will likely set a standard for future industry activity that will remove the curtain that has made banking policy obscure and oppressive.
(d) The Chair shall designate an Executive Director of the Working Group, who shall be responsible for coordinating its day-to-day functions. On issues affecting the national security, the Working Group shall consult with the National Security Council.
(e) As appropriate and consistent with law, the Working Group shall hold public hearings and receive individual expertise from leaders in digital assets and digital markets.
The order further clarifies the prohibition of abolishing CBDCs in the United States. It should be noted that this will also have a significant impact on the global rollout of CBDCs.
Sec. 5. Prohibition of Central Bank Digital Currencies.
(a) 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.
(b) 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 remaining portion of the EO is standard legal language that defines its scope while also ensuring that if a portion of the EO is deemed invalid, the remaining portions are still in effect, called Severability.
The Golden Age Begins with the End of the Banking Cartels
The EO and the initiative behind it falls in line with Agenda 47 material that Trump has been releasing for over two years. As part of my series, Agenda 47 Explained, I will be discussing the deeper concepts of law, principles of freedom, and the way civilizations work that will explain what Trump is doing.
From my point of view, he is doing what he needs to do utterly destroy the corrupt system that was foisted upon humanity with the start of the industrial revolution over 200 years ago. It should be noted that while corrupt forces have weaponized modernization for their benefit, mosts of the advances of the present age can be redeemed and repurposed to free humanity.
With love,
Justin
Please tell me what you think or let me know if I got something wrong. I want to hear from you.
Justin Deschamps is a researcher, omniologist, podcaster, and business consultant who has committed himself to restoring the knowledge, reason, and goodwill that helped the founding fathers create the greatest nation on earth.
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Thank you, Justin! Didn't Trump set this end-the-Fed ball rolling back in March 2020 by quietly sweeping the Fed into the US Treasury? Something toward which JFK was working and for which I believe he was shot. Do you have any background information on that?
Thank you for such a thorough investigation into these monetary systems. The difference among them is key to our decisions for our safe monetary future. I