On January 23, President Donald Trump signed an executive order titled "Strengthening American Leadership in Digital Financial Technology." The order established a Presidential working group on digital asset markets, tasked with developing a regulatory framework for the sector. An important part of this initiative is the creation of a National Digital Asset Stock, which may encompass various cryptocurrencies.

This move comes as a significant victory for pro-crypto advocates, who have long pushed for regulatory clarity and innovation in the digital asset 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 the issuance of digital currency.