U.S. President Donald Trump signed an executive order to explore the possibility of creating a 'National Digital Asset Stockpile.'
Creation of the Working Group
The order establishes a 'Presidential Working Group' on digital assets. This was reported by FOX Business correspondent Edward Lawrence.
Group's Role and Composition
The group is tasked with evaluating the creation of a strategic national digital assets stockpile and developing a federal regulatory framework for digital assets and stablecoins. It will be chaired by White House crypto czar David Sacks.
Changes and Reactions
The executive order revokes the previous order on crypto issued by the White House in 2022. Trump expanded the initial promise of a bitcoin reserve to include other digital assets.
The creation of a new working group on digital assets indicates the Trump administration's growing focus on the regulation and strategic use of cryptocurrencies in national interests.
