#ASK-CRYPTO New: More details on the presidential decree related to cryptocurrencies 👇
- Creation of a working group dedicated to cryptocurrencies
- This group will have to develop a regulatory framework for cryptocurrencies, including stablecoins, and evaluate the creation of a national reserve of cryptocurrencies
- It will notably be composed of David Sacks, the chairman of the SEC and the Secretary of the Treasury
- Agencies and departments are asked to submit to the working group all actions or regulations that affect the crypto sector and that should be modified or repealed
- Federal agencies (Treasury, FED, SEC ...) will not be able to establish or issue central bank digital currencies
- The executive order on cryptocurrencies of the previous administration (Biden) is revoked