$XRP Yes, on January 23, 2025, President Donald Trump signed an executive order creating a Cryptocurrency Working Group. The group will develop federal regulations for digital assets and consider establishing a strategic bitcoin reserve. 

The move aims to make the United States a global leader in the field of cryptocurrency. The working group will include White House AI and Crypto Representative David Sachs, the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, and the heads of other relevant federal agencies. 

In addition, the executive order prohibits federal agencies from creating or promoting central bank digital currencies (CBDCs) and rescinds the previous administration’s policies on digital assets. 

The move has seen the price of bitcoin surge, currently hovering around $105,000.