tl;dr
President Trump signed an executive order to establish a new working group focused on crypto and potentially create a "strategic national digital assets stockpile." The group, called the Presidential Working Group on Digital Asset Markets, will advise on legislation, regulatory frameworks, and innov...
President Donald Trump signed an executive order to establish a new working group focused on crypto, potentially creating a "strategic national digital assets stockpile," and prohibiting advancements in central bank digital currency (CBDC).
The order establishes the Presidential Working Group on Digital Asset Markets, tasked with advising on legislation, regulatory frameworks, and innovation in the crypto sector. It will develop a federal regulatory framework for digital assets, including stablecoins, and evaluate the establishment of a national digital assets stockpile, with a focus on Bitcoin.
Under the order, federal agencies are prohibited from advancing central bank digital currencies, and coordination is mandated among key figures such as the Secretary of the Treasury and the Chairman of the Securities and Exchange Commission.
Leading the group is David Sacks, the "White House AI & Crypto Czar," who will consult with experts, recommend regulatory modifications, and lift hindrances to the sector's growth. The executive order also rescinds the previous administration's Digital Assets Executive Order and the Treasury Department's Framework for International Engagement on Digital Assets.
Source: CryptoSlate - "Trump signs executive order to establish ‘strategic digital asset stockpile,’ form crypto working group"