The document is intended to strengthen the US leadership in the field of digital finance
DonaldTrump Signs Executive Order Regulating Crypto Marketand considering the creation of a cryptocurrency reserve. The executive order on “strengthening U.S. leadership in digital finance” was published on the White House website.
The document initiates the creation of a working group to develop a “federal regulatory framework for digital assets, including stablecoins,” as well as assess the possibility of creating a “national reserve of digital assets.”

The Crypto Market Working Group, created by the order, is to assess the potential of such a reserve and propose criteria for its formation. According to the order, this reserve could be created from cryptocurrencies confiscated by the US government as part of the fight against illegal activities.
The task force will be chaired by "crypto czar" David Sachs and will include the Treasury Secretary, the Securities and Exchange Commission chairman (#SEC ) and other key agency leaders. The White House has tasked the task force with bringing in experts from the digital asset industry to bring in views from outside the federal government.$BTC

Details of the decree:

Ministries and departments must provide the working group with recommendations on revising or repealing existing regulations that hinder the development of the digital asset sector.
The decree prohibits government agencies from developing, issuing or promoting digital national currencies (#CBDC ).
Previously issued executive orders and frameworks, such as the previous administration's Digital Assets Executive Order and the US Treasury's International Strategy on Digital Assets, are being rescinded. These measures have been called stifling innovation and undermining US economic freedom.$YFI

On January 23, before the executive order was announced, Donald Trump spoke online at the World Economic Forum in Davos. He said the United States would become the capital of the world for the development of artificial intelligence and cryptocurrencies.
The US government controls 198,100 BTC (~$20 billion), according to the Arkham platform. Most of these funds were confiscated as part of various investigations.

Trump has previously stated that he intends to create a strategic reserve of bitcoins that the United States already has. In the summer of 2024, at a crypto conference#bitcoin 2024 Trump ended his speech by declaring that the government would stop selling confiscated bitcoins if he were elected president.
The US President has not commented on other initiatives for a national reserve of bitcoins, including the bill of Senator Cynthia Lummis, who was appointed to the post of head of the subcommittee on digital assets in the US Senate on January 23.

“Digital assets are the future, and if the United States is to remain a leader in financial innovation, Congress urgently needs to pass legislation that establishes a comprehensive legal framework for digital assets and strengthens the U.S. dollar through a Bitcoin strategic reserve,” Lummis wrote in an accompanying post.

Following her message, the former head#Binance Changpeng Zhao wrote in X that the US's Bitcoin strategic reserve is "almost already confirmed."$BNB

Lummis is the author of the T-20 National Bitcoin Reserve Bill, which would require the Federal Reserve to buy bitcoin and hold it as a reserve asset, like gold or foreign currencies. The government would buy up to 200,000 bitcoins a year for five years, with the goal of accumulating 1 million bitcoins. Among other things, Lummis hopes this could help cut the U.S. national debt in half by 2045.

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