Trump’s Crypto Executive Order Creates Policy Working Group | Global News Avenue

President Donald Trump on Thursday signed an executive order promoting digital assets and other financial technologies.

The order includes the following components Cryptocurrency-related campaign promises Trump made this decision before he was elected. It formed a working group aimed at developing regulatory and White House policy around cryptocurrencies and other digital assets. According to the order, David Sacks, special adviser on artificial intelligence and cryptocurrency, will chair the panel, which will also be joined by the Treasury Secretary, Homeland Security Secretary and others.

In addition to reviewing the current cryptocurrency regulatory framework and developing new guidelines, the group will also be charged with assessing the “potential creation and maintenance of National Digital Asset Reserve. ” Stockpile proposal echoes Trump’s call Bitcoin Stocks in the campaign.

While the order includes a section on promoting and protecting U.S. dollar support Stablecoin It also bans the establishment of central bank digital currency in the United States.

In the hours following the order, Bitcoin was trading around $103,000, slightly below levels earlier in the day.