Publication | Executive Actions Monitor

    Executive Actions Affecting
    Financial Services

    2025 Presidential Actions
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    These executive order (EO) summaries are based on a cursory review; our lawyers and policy professionals continue to analyze these documents, and the directives they contain. Among other things, some of the directed actions may present significant constitutional questions that could be litigated and subsequently overturned or blocked.


    February 3, 2025

    A Plan for Establishing a United States Sovereign Wealth Fund

    An EO directing the Secretary of the Treasury and the Secretary of Commerce to develop a plan to establish a sovereign wealth fund, including recommendations for funding mechanisms, investment strategies, fund structure and a governance model. The plan is also required to include an evaluation of legal considerations for “establishing and managing such a fund, including any need for legislation.” A fact sheet on the EO can be found on the White House website.
     
    January 23, 2025

    Strengthening American Leadership in Digital Financial Technology

    An EO providing that it is the policy of the Trump administration to support the responsible growth and use of digital assets, blockchain technology and related technologies across all sectors of the economy. However, the EO prohibits federal agencies from undertaking any action “to establish, issue or promote” central bank digital currencies (CBDCs) “within the jurisdiction of the US or abroad.” It also revokes the Biden administration’s EO on Ensuring Responsible Development of Digital Assets and the Department of the Treasury’s “Framework for International Engagement on Digital Assets.” The EO establishes “the President’s Working Group on Digital Assets Markets,” to identify existing regulations that affect the digital asset sector and make recommendations for whether each identified regulation should be rescinded or modified. A fact sheet on the EO can be found on the White House website.