Bloomberg: The crypto industry views Trump's executive order as a fast track to friendly regulatory rules.

According to BlockBeats on January 24, a supportive executive order from President Donald Trump has finally arrived for the digital asset industry, ending a long period of anxious waiting and opening up the enticing prospect of rapidly advancing a friendly regulatory framework.

This order was signed on Thursday, establishing a task force composed of key agencies to provide cryptocurrency policy recommendations to the White House, and indicating that the industry plays a "crucial role" in innovation, economic development, and international leadership in the United States.

The task force includes agencies such as the U.S. Department of the Treasury, the U.S. Department of Justice, the U.S. Securities and Exchange Commission (SEC), and the U.S. Commodity Futures Trading Commission (CFTC). The industry initially expected Trump to take action on the Monday following his inauguration, but issues like trade and energy took precedence.

The task force's mission is to submit a report to Trump within approximately six months, recommending a regulatory framework and legislative proposals, including an assessment of the feasibility of creating a cryptocurrency reserve.