Cryptocurrency market is ignoring Trump’s long-awaited executive order on digital assets

President Donald Trump signed the long-awaited agreement Executive Order on Cryptocurrencies On Thursday – ignore the market.

It’s under the big title Strengthening American leadership in digital financial technologyShe emphasized the “critical role” the digital asset industry plays in fostering innovation and economic development in the United States. He demonstrated that the clear policy of the Trump White House would be to “support the responsible growth of the use of digital assets, blockchain technology, and related technologies in all sectors of the economy.”

The executive action creates a working group that advises the White House on digital asset policies; This group is responsible for submitting a report to the President within six months, which includes recommendations on a regulatory framework and legislative proposals.

Without explicitly mentioning Bitcoin at all, the order also tasked the working group with evaluating “the potential creation and maintenance of a national stockpile of digital assets,” which may be “derived from cryptocurrencies that have been lawfully seized by the federal government through law enforcement efforts.”