President Trump Forms Cryptocurrency Task Force to Create Regulatory Guidelines
The executive order requires an assessment of regulations concerning digital assets and the possibility of establishing a national cryptocurrency reserve.
On January 23, 2025, President Donald Trump signed an executive order to establish a cryptocurrency working group aimed at proposing new regulations for digital assets and examining the potential creation of a national cryptocurrency reserve.
David Sacks, the newly appointed Special Advisor for Artificial Intelligence and Cryptocurrency, will lead the group.
The team will include the Treasury Secretary, the Secretary of Homeland Security, and other significant agency leaders.
Their duties involve reviewing current regulatory frameworks, crafting new guidelines, and evaluating the feasibility of a national digital asset reserve.
The executive order also bans the creation of a central bank digital currency in the United States.
Following the announcement, Bitcoin was trading at roughly $103,000.
This initiative is consistent with President Trump's campaign pledge to make the United States a leader in digital asset innovation.
David Sacks, the newly appointed Special Advisor for Artificial Intelligence and Cryptocurrency, will lead the group.
The team will include the Treasury Secretary, the Secretary of Homeland Security, and other significant agency leaders.
Their duties involve reviewing current regulatory frameworks, crafting new guidelines, and evaluating the feasibility of a national digital asset reserve.
The executive order also bans the creation of a central bank digital currency in the United States.
Following the announcement, Bitcoin was trading at roughly $103,000.
This initiative is consistent with President Trump's campaign pledge to make the United States a leader in digital asset innovation.
