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Home » Transcript: President Trump Signs Executive Orders – Jun. 22, 2026

Transcript: President Trump Signs Executive Orders – Jun. 22, 2026

Editor’s Note: President Trump held a signing event on June 22, 2026, to introduce two new executive orders aimed at strengthening American leadership in quantum technologies. The first order launches a national initiative to develop advanced quantum computers, sensors, and networks over the next five years, while the second directs federal agencies to adopt quantum cryptography security standards by 2031. During the event, the President was joined by key administration officials and industry leaders from companies like Google and IBM to discuss the economic and national security significance of these investments.

TRANSCRIPT:

President Trump Signs Executive Orders on Quantum Technologies

PRESIDENT TRUMP: Thank you very much, and today I’m signing two very important executive orders on quantum technologies that will strengthen America’s place as the world leader in this very important emerging field.

I want to thank Secretary of War Pete Hegseth, who’s with us, Secretary of Commerce Howard Lutnick, Secretary of Energy Chris Wright, Director of the Office of Science and Technology Policy Michael Kratsios. Thank you, Michael. Director of OMB Russ Vought, who’s cutting the budget by probably 40 to 50 percent this year. We’re going to end up with a balanced budget. And National Cyber Director Sean Kanuck, and I appreciate all of you being here.

Thanks as well to Chief Technology Officer of the United States, Dr. Ethan Klein. Ethan, thank you very much. Director of the National Quantum Coordination Office, Dr. Brad Blakestad. And Chief Information Officer of the federal government, Greg Barbaccia, for joining us today. Thank you very much, fellas. It’s great.

Industry and Science Leaders in Attendance

We’re also honored to be joined by Google President Ruth Porat. That’s a big position. I’ll tell you. Google. Google President. That’s as big as being President of the country, I think. That’s pretty big. There aren’t too many.

IBM CEO Arvind Krishna, who’s a great man, who’s done a really great job. What a job you’ve done. I used to have that stock when it was much, much lower. I brilliantly sold it when I became President. That was not a good move.

And Inflection CEO Matthew Kinsella, as well as Nobel Prize-winning quantum physicist John Martinis. Great job. Should you tell them how many years ago it was? Well, about 40 years ago. That’s pretty good. And you still look good. Thank you. Great job. I’ve been waiting for one of them, too. They don’t think eight wars is enough, you know. I have to do 12 or 13, I think, even though nobody’s ever done one.

The Significance of Quantum Technologies

Quantum technologies represents the next generation of innovation across computing, sensing, and networking, with enormous significance for our country’s economic growth, scientific research, and cybersecurity. It’s really a big deal that we’re doing today, and the country is doing really well, as you know.

In 2018, I signed the National Quantum Initiative Act into law, which led to doubling the federal government investment in quantum research and development. I think you all know about that. That helped unleash billions of dollars of private investment in America’s quantum industrial base, promoting significant scientific and technological progress, like progress like we’ve never seen before, actually.

We want to keep that positive momentum going in America with the orders that I’m signing today, and these will really have a, I think, place it a big step forward. We’re already the leader by a lot, and we’re going to be now the leader by a lot more.

Details of the Two Executive Orders

The first executive order launches a national effort to produce a quantum computer capable of performing important scientific calculations and to develop quantum-enabled sensors and networks in the next five years, and we’re going to be investing in American quantum leadership like never before to stay ahead of the pack. We’re way ahead right now. We’ll keep it that way.

The second order I’m signing directs federal agencies to transition to what is called quantum cryptography. Does anybody know what that is? You’re going to hear it very soon, so you’re going to find it interesting. Cryptography for their computer systems by 2031 and to lead the way for wider adoption of these extremely strong security standards.

America is celebrating 250 years of ingenuity, innovation, and invention this year, and today’s commitments to quantum leadership will help secure that legacy for decades to come.

Update on the Strait of Hormuz

I just want to say, before we introduce a couple of the people, we’re doing very well with respect to the Hormuz Strait. We took in more oil yesterday than has ever gone through the strait. You probably see that. We have an oil gusher. The strait is totally open. You know that. And we’re negotiating. We’ll see how that all goes. But we have two things. We have an open strait, and we have a country that will never have a nuclear weapon.

Venezuela: A Profitable and Evolving Relationship

Will never, ever have a nuclear weapon. So now I’d like to invite Michael Kratsios, Director of the Office of Science and Technology Policy, to say a few words, followed by National Cyber Director Sean Cairncross and Secretary Mike, who’s doing a fantastic job over in Venezuela and every place else he touches.

Venezuela, by the way, has been amazing. We are really having a great relationship with that country, taking out tremendous amounts of oil, far, far more than that particular war costs, many, many times, sending it to Houston, sending it to Louisiana, sending it to lots of places. And Venezuela is also doing well. Venezuela is doing better than it’s done, and maybe ever. So it’s been an amazing situation.

Where did you ever hear of getting money back from the war? By 42 times over, right, Pete? Nobody does that. And I think Iran, I can say on sort of a different scale, is in its own way working out very well. Maybe it’s hard to say just as well, but maybe almost just as well.