Recently, President Donald Trump issued an executive order aimed at boosting the cryptocurrency industry in the United States, representing a significant shift in government policies towards this sector.

The executive order includes the establishment of the "President's Working Group on Digital Asset Markets," led by David Sachs, the special advisor for artificial intelligence and digital currencies. The group includes senior officials from the Departments of Treasury, Justice, and Homeland Security, as well as heads of financial regulatory bodies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This group will work on providing recommendations for establishing a federal regulatory framework for digital asset trading and will explore the possibility of creating a national reserve of digital assets.

Additionally, the executive order supports the development and growth of dollar-backed stablecoins, while banning the creation of a central bank digital currency in the United States.

This policy shift demonstrates the U.S. administration's commitment to fostering innovation in the fintech sector while striving to maintain financial stability and protect individual privacy.

This decision has led to a rise in some cryptocurrencies such as ADA, XRP, and BTC.