Trump signs the executive order to create “strategic digital assets stock”, an encryption working group

president Donald Trump Fell Executive order On January 23, create a new working group that focuses on encryption, and possibly “strategic national digital assets stocks”, and prohibits developments in creating a central bank’s digital currency (CBDC).

The presidential working group in the digital asset markets will play a pivotal role in shaping the United States’ policy on digital financing, providing advice on legislation, regulatory frameworks and innovation in the encryption sector.

New responsibilities

It specifies a set of responsibilities for the newly formed work group.

The first is the development of an organizational framework. The group will design a federal regulatory framework that governs digital assets, including stablecoins, to provide clarity and support for innovation in the sector.

In addition, the request includes an evaluation and perhaps creating a national digital asset stock, focusing on bitcoin (BTC). This would represent the first effort by an American administration to create a strategic encryption reserve.

According to Alex Thorn, head of research in Galaxy DigitalThe inventory is a term for a contract for the US government, “but not necessarily buying anything.” he Add Arkham data shows that the US authorities retain $ 16 $ 1 million alongside BTC.

It also mentions a joint effort with the main personalities such as the Treasury Secretary, the Chairman of the Securities Committee, the Stock Exchange, and other high -ranking officials to ensure coordination between the agencies.

David SachsThe White House AI & Crypto CZAR will play a fundamental role in leading the group in consulting with senior experts in digital origins and markets, and integrating visions outside the federal government.

In addition, it is imposed on the fact that agencies determine and recommend adjustments to the current regulations that can hinder the growth of the digital asset sector.

It is worth noting that it is frankly prohibited from federal agencies from the progress of CBDCS.

Finally, the executive order will cancel the executive order of the digital assets of the previous administration and the Treasury framework for international participation in digital assets, which was criticized by the Trump team due to the intense suffocation and economic freedom.

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