On January 23, President Donald Trump signed an executive order titled “Strengthening American Leadership in Digital Financial Technology.” The order establishes the Presidential working group on digital asset markets, tasked with developing a regulatory framework for the sector. A key part of the initiative is the creation of a National Digital Asset Stockpile, which could include various cryptocurrencies.
This move comes as a major win for pro-crypto advocates, who have long pushed for regulatory clarity and innovation in the digital assets space. The executive order also takes a firm stance against the promotion of Central Bank Digital Currencies (CBDCs), ensuring that the U.S. maintains a hands-off approach to digital currency issuance.
While there’s excitement around the latest executive order, the market has been muted, as much of the news was already factored into prices, similar to past events like the Bitcoin ETF launch. However, since the announcement, Bitcoin has gained more than 4% and is now close to breaking the $105K mark.
