Trump signs executive order to establish ‘strategic digital asset stockpile,’ form crypto working group
President Donald Trump signed an executive order on January 23, establishing the Presidential Working Group on Digital Asset Markets to shape U.S. policy on digital finance. The group will develop a regulatory framework for digital assets, including stablecoins, and evaluate the creation of a national digital assets stockpile focused on Bitcoin. This marks the first effort by a U.S. administration to create a strategic crypto reserve. The order prohibits federal agencies from advancing central bank digital currencies (CBDCs) and mandates coordination among key officials, including the Secretary of the Treasury and the Chairman of the SEC. David Sacks will lead the group, consulting with experts in digital assets. The order also rescinds previous regulations deemed to hinder innovation in the sector.
