Trump Signs Cryptocurrency Executive Order, Establishes Digital Asset Working Group and Explores Creation of National Digital Asset Reserve

According to TechFlow, on January 24, as reported by Fortune, U.S. President Trump signed an executive order on cryptocurrency, establishing a stance in support of the development of digital assets and blockchain technology. The order includes several important initiatives:

1. Establishment of the "Presidential Digital Asset Market Working Group":

• Chaired by David Sacks, Special Advisor on AI and Cryptocurrency, with members including senior officials such as the Chairs of the SEC and CFTC. The main responsibility is to assess existing cryptocurrency regulations and develop a regulatory framework to support industry development;

1. Exploring the establishment of a national digital asset reserve:

• Researching and formulating standards for reserve establishment, considering the use of cryptocurrencies lawfully seized during government enforcement actions;


• Trump had previously publicly supported the establishment of a federal Bitcoin reserve to combat inflation;

1. Explicitly prohibiting CBDCs:

• Prohibiting any government agency from issuing central bank digital currencies, believing that CBDCs could lead to "absolute control" of personal funds by the government;


• Supporting stablecoins as a solution for cross-border payments;

1. Repealing Biden-era policies:

• Repealing the cryptocurrency regulatory order signed by Biden in 2022.