📝 Trump signed an order to create a special group on cryptocurrencies

The group will develop a federal regulatory framework, including oversight of stablecoins and an assessment of the feasibility of a national strategic reserve of digital assets.

Led by crypto czar David Sachs, the group will include the Secretary of the Treasury, the Chairman of the SEC, and other heads of relevant departments.

The order protects and encourages fair and open access to banking services for all law-abiding citizens and private sector entities. It also prohibits the creation, issuance, circulation, and use of central bank digital currencies (CBDCs) within the jurisdiction of the United States. Additionally, the proposed national reserve of digital assets may be sourced from cryptocurrencies lawfully confiscated by federal law enforcement agencies.