Trump Launches Crypto Policy Group to Explore National Digital Asset Reserve
Discover how Trump's new executive order is shaping the future of digital assets with a dedicated policy working group and the possibility of a national crypto stockpile.
Highlights of the Executive Order
- President Donald Trump has initiated an executive order advancing digital assets and innovative financial technologies.
- This directive forms a specialized working group to develop regulatory frameworks and White House policies for cryptocurrency.
- The group will investigate the feasibility of creating a national digital asset reserve.
In a significant move to modernize financial regulation, President Donald Trump signed an executive order aimed at fostering the growth and oversight of digital currencies and related technologies. This order fulfills several campaign commitments focused on cryptocurrency advancement.
The newly established working group, chaired by Special Advisor for AI and Crypto David Sacks, includes key figures such as the Treasury Secretary and the Secretary of Homeland Security. Their mission is to review existing crypto regulations and propose new policies that support innovation while ensuring security.
One of the groundbreaking initiatives under consideration is the establishment of a national digital asset reserve, reflecting Trump's earlier campaign proposals to build a bitcoin stockpile as a strategic financial asset.
Additionally, the order promotes the global use and protection of dollar-backed stablecoins but explicitly restricts the creation of a central bank digital currency (CBDC) within the United States.
Following the announcement, Bitcoin's market value hovered near $103,000, showing minor fluctuations from earlier trading levels.
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