#TrumpCryptoOrder

President Donald Trump just signed an executive order that's going to change the way the US approaches digital assets, including cryptocurrencies. Essentially, he's forming a working group to propose federal regulations for these assets and evaluate a national crypto stockpile. This group will be led by David Sacks, a former PayPal COO, and will include top officials like the Treasury secretary and the attorney general.

The order also protects individuals' rights to use, develop, and transact on public blockchain, which is a big deal for the crypto community. It repeals some Biden-era rules around cryptocurrencies and digital assets, and instead prioritizes economic liberty and US sovereignty. Interestingly, it prohibits the creation of a US Central Bank Digital Currency, but promotes privately issued US dollar-backed stablecoins.

This move is seen as a significant shift in the US approach to crypto, with some arguing it's a step towards clearer regulation and others raising concerns about the potential risks. Trump's own involvement in the crypto world, including the launch of his memecoin $TRUMP, has also raised some eyebrows .