Nikolas Sargeant
President Donald Trump has signed an executive order to establish a "Presidential Working Group on Digital Asset Markets," tasked with developing a federal framework for regulating digital assets and exploring the creation of a "strategic national digital assets stockpile." Chaired by crypto advocate David Sacks, the working group will include key government officials such as the Treasury Secretary, Attorney General, and heads of the SEC and CFTC. The initiative also includes a focus on protecting individual rights to engage with open blockchain networks and addressing issues surrounding crypto debanking. One notable aspect of the order is the potential creation of a national reserve, possibly based on Bitcoin or U.S.-originated cryptocurrencies like USDC, SOL, and XRP.
Trump Broader Push for Crypto-Friendly Policy
The executive order is part of Trump’s broader strategy to integrate digital assets into the U.S. economy. With the working group’s formation, the U.S. government may explore acquiring and holding cryptocurrencies in a national stockpile, positioning digital assets as a key asset class for national economic strategy. The newly formed SEC launched a crypto task force to study regulatory options, and he launched his own memecoin, which Senator Warren grilled him on.
