The order signed Thursday establishes a working group to study the merits of creating a stockpile of digital assets, proposes a new regulatory framework for crypto and bans U.S. agencies from work on a future central bank digital currency. (The Logic)
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The order signed Thursday establishes a working group to study the merits of creating a stockpile of digital assets, proposes a new regulatory framework for crypto and bans U.S. agencies from work on a future central bank digital currency. (The Logic)
Talking point: The executive order contains measures the crypto industry has long lobbied for. Crypto firms shelled out a historic US$119 million in their attempts to sway the outcome of the 2024 federal election, banking on Trump’s vow to reverse the U.S. Securities and Exchange Commission’s enforcement-heavy approach to regulation under predecessor Joe Biden. The U.S. now joins Vancouver in studying the merits of a strategic reserve of digital assets. The executive order could restore the crypto sector’s confidence in Trump, which was dented by meme coins—joke-based crypto tokens—he and first lady Melania Trump launched in advance of his inauguration.
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