U.S. President Donald Trump on Thursday signed an executive order creating a cryptocurrency working group tasked with proposing a new regulatory framework for digital assets, and exploring the creation of a cryptocurrency stockpile.

The much-anticipated action also ordered that banking services for crypto companies be protected, and banned the creation of central bank digital currencies which could compete with existing cryptocurrencies.

The order sees Trump fulfill a campaign trail pledge to be a "crypto president" and promote the adoption of digital assets.

If implemented by the relevant regulators, Trump's expected policy directives have the potential to push cryptocurrencies into the mainstream, regulatory and crypto experts say.

via

U.S. President Donald Trump on Thursday signed an executive order creating a cryptocurrency working group tasked with proposing a new regulatory framework for digital assets, and exploring the creation of a cryptocurrency stockpile.

The much-anticipated action also ordered that banking services for crypto companies be protected, and banned the creation of central bank digital currencies which could compete with existing cryptocurrencies.

The order sees Trump fulfill a campaign trail pledge to be a "crypto president" and promote the adoption of digital assets.

If implemented by the relevant regulators, Trump's expected policy directives have the potential to push cryptocurrencies into the mainstream, regulatory and crypto experts say.

via https://www.reuters.com/business/finance/trump-signs-order-create-cryptocurrency-working-group-2025-01-23/