The post President Trump Promotes Crypto With Executive Order, Eyes Digital Asset Stockpile appeared on BitcoinEthereumNews.com.

On Thursday, President Donald Trump signed an executive order aimed at safeguarding digital assets and easing the regulatory pressure on the crypto industry from previous administrations. The President also announced the creation of an internal committee led by David Sacks aimed at strengthening the United States’ position in the cryptocurrency space. Donald Trump, often regarded as one of the most influential and controversial U.S. presidents, has once again stirred the pot with a bold crypto move. Known for his unorthodox leadership style, the 47th president of the United States has made it clear that he’s serious about making America the global leader in cryptocurrency and artificial intelligence. Just three days after his inauguration, Trump made a notable pledge at the World Economic Forum to make the U.S. the “world capital of artificial intelligence and crypto.” He is already putting his words into action with an executive order aimed at fostering the growth and regulation of cryptocurrencies in the U.S. The executive order establishes a presidential working group that will work towards creating a federal regulatory framework for the crypto industry. The group will be led by David Sacks, the White House A.I. & Crypto Czar, with participation from key financial regulators, including the Treasury Secretary, the Securities and Exchange Commission Chair, and other regulatory heads. Key Focus Areas of the Executive Order The executive order outlines key priorities aimed at boosting the U.S. digital asset market, including the creation of a national digital asset stockpile funded by cryptocurrencies lawfully seized by the federal government. However, it falls short of establishing a strategic Bitcoin (BTC) reserve, a concept that has been widely discussed in cryptocurrency circles. Senator Cynthia Lummis had previously introduced a bill calling for the Federal Reserve to hold Bitcoin as a reserve asset.  Supporters of the reserve, including…

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Filed under: News - @ January 25, 2025 4:23 am