Trump Issues Executive Order To Create Cryptocurrency Working Group, Establish Digital Asset Stockpile

President Trump signed an executive order on Thursday that "sets a federal agenda meant to move U.S. digital assets businesses into friendly oversight," reports CoinDesk. The order creates a cryptocurrency working group tasked with proposing a new regulatory framework for digital assets. It will be "made up of the Treasury secretary, attorney general and chairs of the Securities and Exchange Commission and Commodity Futures Trading Commission, along with other agency heads," notes Reuters. The directive also explores the creation of a "national digital asset stockpile," orders protections for banking services for crypto companies, and bans the creation of central bank digital currencies which could compete with existing cryptocurrencies.

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