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On January 23, U.S. President Donald Trump signed an order to establish a cryptocurrency working group, fulfilling a campaign pledge made as he garnered support from digital asset firms, vowing to be a "crypto president." The newly formed advisory council is set to provide guidance on digital asset policies, collaborate with Congress on cryptocurrency legislation, facilitate the establishment of a bitcoin reserve as promised by Trump, and facilitate coordination among key agencies such as the Securities and Exchange Commission, Commodity Futures Trading Commission, and the Treasury Department. Notably, while presidential advisory councils are not unprecedented, one specifically focused on cryptocurrencies is a novel development.