President Trump's executive order focuses on establishing a regulatory framework for cryptocurrencies in the U.S., protecting developers and miners, and exploring the creation of a national digital asset stockpile.
President Donald Trump signed an executive order on Thursday focused on promoting the advancement of cryptocurrencies within the United States. The order aims to establish the technological and regulatory framework for the growth of the digital asset industry in the country. A key component of the order is the establishment of a working group to explore the creation of a national digital asset stockpile.
This stockpile could potentially be derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts. Trump, who had previously expressed skepticism towards cryptocurrencies, shifted his stance during the 2024 election cycle, accepting substantial financial support from the industry. He pledged that if re-elected, he would ensure the U.S. government never sells its existing bitcoin holdings or any future acquisitions. While the executive order does not specifically mention bitcoin, it highlights the administration's commitment to supporting the growth and responsible development of the broader digital asset ecosystem. The order also emphasizes protecting individuals and private sector entities that utilize blockchain technology from undue persecution. It outlines specific protections for developers and miners, ensuring their freedom to develop and deploy software, as well as participate in mining and validation activities. Furthermore, the president has pledged to defend the rights of those who choose to self-custody their digital assets, meaning they maintain control over their tokens through personal crypto wallets, potentially outside the reach of traditional financial institutions. This comprehensive approach aims to foster innovation and create a favorable environment for the digital asset industry to thrive in the United States
Finance CRYPTOCURRENCIES DIGITAL ASSETS EXECUTIVE ORDER REGULATION NATIONAL STOCKPILE BLOCKCHAIN TECHNOLOGY SEC
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