According to CoinDesk, U.S. President Donald Trump has issued an executive order aimed at fostering a supportive environment for the cryptocurrency industry in the United States. This directive, announced on Thursday, seeks to establish policies that will provide a solid foundation for digital assets within the country. The order also explores the possibility of creating a 'digital asset stockpile.'
The executive order marks a significant shift in federal policy towards cryptocurrencies, potentially allowing the sector to advance under a more favorable framework set by the White House. While such orders are typically the starting point rather than the conclusion of policy development, this move by the pro-crypto president is seen as a crucial first step. Following the announcement, Bitcoin experienced a brief surge, climbing above $106,000 from around $103,000, before settling back to $103,500, reflecting a 0.51% decrease over the past 24 hours.
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