Trump Signs Executive Order on Crypto Regulation
A Historic Move for the Crypto Industry
President Donald Trump has signed an executive order establishing a special working group on digital assets, marking a major milestone for the crypto sector.
📢 Fox Business correspondent Eleanor Terrett reported that Trump’s Presidential Working Group on Digital Asset Markets aims to strengthen U.S. leadership in digital finance.
Key Objectives of the Executive Order
🔹 Federal Crypto Regulation – The group will develop a nationwide framework for digital assets, including stablecoins.
🔹 National Crypto Stockpile? – Officials will assess the feasibility of a digital asset reserve.
🔹 Industry Collaboration – Policies will be shaped with input from crypto experts beyond the government.
Who’s Leading the Task Force?
🛠️ David Sacks, the White House’s AI & Crypto Czar, will head the committee, which also includes:
âś… Treasury Secretary
âś… SEC Chairman
âś… Other key agency heads
Ban on Central Bank Digital Currencies (CBDCs) đźš«
The order prohibits any Federal effort to create or promote CBDCs, reinforcing Trump’s stance against government-controlled digital currencies.
Regulatory Overhaul Incoming?
The Executive Order also instructs authorities to review and suggest updates to existing financial laws affecting crypto markets.
🚀 This move signals a major shift in the U.S. crypto landscape, shaping future regulations and market developments!
