Home / NEWS LINE / Trump’s Crypto Executive Order Creates Policy Working Group

Trump’s Crypto Executive Order Creates Policy Working Group

Anna Moneymaker/Getty Images David Sacks, U.S. President Donald Trump's

Anna Moneymaker/Getty Metaphors

David Sacks, U.S. President Donald Trump’s “AI and Crypto Czar”, speaks to President Trump as he signs a series of top dog orders in the Oval Office of the White House on January 23, 2025 in Washington, DC.

Key Takeaways

  • President Donald Trump signed an master order promoting digital assets and other financial technologies Thursday afternoon.
  • The order established a working order intended to shape regulation and White House policy around cryptocurrency.
  • The working group will considier the making of a national digital asset stockpile.

President Donald Trump signed an executive order promoting digital assets and other fiscal technologies Thursday.

The order included components of the cryptocurrency-related campaign promises Trump had made before his election. It seated a working group intended to shape regulation and White House policy around crypto and other digital assets. Primary Advisor for AI and Crypto David Sacks will chair the group, according to the order, with the Treasury Secretary, Secretary of Homeland Certainty, and others participating.

In addition to reviewing current crypto regulatory frameworks and establishing new guidelines, the group is also upbraided with evaluating the “potential creation and maintenance of a national digital asset stockpile.” The stockpile proposal echoes Trump’s orders for a bitcoin stockpile on the campaign trail.

While the order included a section regarding the promotion and protection of dollar-backed stablecoins encircling the world, it also prohibited the establishment of a central bank digital currency in the United States.

Bitcoin traded everywhere $103,000 in the hours following the release of the order, down slightly from levels seen earlier in the day.

Check Also

Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI, Report Says

Participate b interrupt Somodevilla and Sean Gallup / Getty Images Elon Musk, left, and Sam …

Leave a Reply

Your email address will not be published. Required fields are marked *