Trump Signs Executive Order to Promote Cryptocurrency, Clearing Path for Accumulating Digital Assets

U.S. President Donald Trump has signed an executive order, according to a White House release, to establish a digital asset stockpile. This order forms the Presidential Working Group on Digital Asset Markets, tasked with recommending federal regulations for digital assets like cryptocurrencies and exploring a potential national crypto reserve. The executive order bars agencies from endorsing central bank digital currencies but endorses privately issued stablecoins. Trump's directive overturns regulations put in place by the Biden administration, underlining a focus on economic freedom and U.S. control in digital finance.