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    Home » Trump signs order on crypto regulation and stockpile
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    Trump signs order on crypto regulation and stockpile

    By Juno chenJanuary 24, 2025No Comments2 Mins Read
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    • President Donald Trump has signed an executive order creating a working group to draft regulations for digital assets.
    • The order also calls for exploring the creation of a national cryptocurrency stockpile.

    What happened: President Trump signs executive order on cryptocurrency regulation and national stockpile

    On January 23, 2025, President Donald Trump signed an executive order focused on cryptocurrency regulation and strategy. The order establishes a dedicated working group to develop a comprehensive regulatory framework for digital assets, aiming to provide clarity and support to the fast-growing cryptocurrency industry.

    In addition to drafting new regulations, the order mandates the group to explore the feasibility of creating a national cryptocurrency stockpile. This initiative underscores the administration’s recognition of the strategic importance of digital assets in the global economy.

    Also read: 18 states sue SEC in attempt to regulate cryptocurrency industry
    Also read: Trump boosts crypto: Bitcoin climbs above $106K

    Why it’s important 

    The executive order represents a significant shift in the U.S. government’s approach to cryptocurrency. It signals the administration’s intent to foster innovation while ensuring proper oversight in the digital asset space. The exploration of a national cryptocurrency stockpile highlights the potential role of digital currencies in national economic strategy and security.

    For the cryptocurrency industry, this move is a step toward clearer regulations, potentially boosting investor confidence and fostering further innovation in the sector.

    cryptocurrency Digital assets Executive order Trump
    Juno chen

    Juno Chen is an intern reporter at BTW Media. Having studied Media and Data Analytics at the University of Sydney. She specialised in industry insights Contact her at j.chen@btw.media.

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