According to Fox, Trump signed an executive order to develop a national digital asset reserve.
Crypto Executive Order Officially Signed🚀
Details are as follows:
📌The executive order establishes the Presidential Task Force on Digital Asset Markets to strengthen U.S. leadership in digital finance.
📌The task force is tasked with developing a federal regulatory framework governing digital assets, including stablecoins, and evaluating the creation of a national strategic digital asset reserve.
📌The working group will be chaired by White House AI & Crypto Czar @DavidSacks and includes the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, and heads of other relevant departments and agencies.
📌The White House Artificial Intelligence and Cryptocurrency Czar will hire leading experts in digital assets and digital markets to ensure the task force’s actions are guided by expertise outside the federal government.
📌The executive order directs departments and agencies to identify any regulations and other agency actions affecting the digital asset industry that should be repealed or modified and make recommendations to the working group.
📌The executive order prohibits agencies from taking any action to establish, issue or promote a central bank digital currency (CBDC).
📌This executive order revokes the previous administration’s Digital Assets Executive Order and the Treasury Department’s Digital Assets International Engagement Framework, which have stifled innovation and undermined America’s economic freedom and global leadership in digital finance.