US President Donald Trump has signed an executive order designating cryptocurrency as a national priority. The move includes the creation of a special working group tasked with developing a federal regulatory framework for digital assets. The group will assess the feasibility of establishing a national digital asset reserve and suggest criteria for its establishment. In addition, the order prohibits the creation of a central bank digital currency (CBDC) in the United States.
The executive order instructs the Treasury Department, the Justice Department, the Securities and Exchange Commission (SEC), and other relevant agencies to review all crypto-related regulations within 30 days and submit recommendations within 180 days. One of the key points is the consideration of utilizing crypto assets seized by the government as part of the national reserve. Currently, the US government holds around 200,000 bitcoins worth around $21 billion.
In addition, Trump has appointed David Sacks, former PayPal Chief Operating Officer, as the White House’s Head of Artificial Intelligence (AI) and Crypto. This appointment gives Sacks full control over government policy regarding the development of AI technology and digital assets.
These steps demonstrate the Trump administration’s commitment to supporting growth and innovation in the crypto industry, with the goal of making the United States a global leader in blockchain technology and digital assets.
