Trump Signs Executive Order To Consider National Digital Asset Stockpile: Report

U.S. President Donald Trump signed an govt order on Thursday to evaluation the creation of a “Nationwide Digital Asset Stockpile,” in response to Fox Information.

• As reported by FOX Enterprise White Home correspondent Edward Lawrence and shared by associate Eleanor Terret, the manager order established a “Presidential Working Group” on digital property.
• This group is tasked with “evaluating the creation of a strategic nationwide digital property stockpile,” in addition to making a federal regulatory framework for digital property and stablecoins.
• It is going to be chaired by White Home AI and crypto czar David Sacks, and embody heads of the SEC, Treasury, and different related companies. Amongst different issues, it additionally bars federal companies from taking motion to determine, subject, or promote a CBDC.
• Lastly, this executive order revokes the Biden administration’s crypto govt order, issued in 2022.
• Trump initially promised to create a “strategic nationwide Bitcoin stockpile” in July, however has now seemingly expanded the scope of its inclusion to different digital property.
• Senator Cynthia Lummis is pushing laws to formally set up a Bitcoin reserve, and to have the U.S. authorities promote a few of its gold stash to purchase 1 million BTC.
• Trump has already proven openness to different cash personally, launching his personal official memecoin final week on the Solana blockchain.