President Trump Forms Cryptocurrency Task Force to Create Regulatory Framework
An executive order requires the assessment of regulations for digital assets and the possibility of a national cryptocurrency reserve.
On January 23, 2025, President Donald Trump issued an executive order to establish a cryptocurrency working group. This group is tasked with proposing new regulations for digital assets and exploring the possibility of creating a national cryptocurrency reserve.
David Sacks, recently appointed as the Special Advisor for Artificial Intelligence and Cryptocurrency, will lead the working group. It will include the Treasury Secretary, the Secretary of Homeland Security, and other key agency officials.
The group's responsibilities include reviewing existing regulatory frameworks, crafting new guidelines, and evaluating the feasibility of a national digital asset reserve.
The executive order also bans the establishment of a central bank digital currency in the United States.
After the announcement, Bitcoin was trading at about $103,000.
This step aligns with President Trump's campaign promise to position the United States as a leader in digital asset innovation.
David Sacks, recently appointed as the Special Advisor for Artificial Intelligence and Cryptocurrency, will lead the working group. It will include the Treasury Secretary, the Secretary of Homeland Security, and other key agency officials.
The group's responsibilities include reviewing existing regulatory frameworks, crafting new guidelines, and evaluating the feasibility of a national digital asset reserve.
The executive order also bans the establishment of a central bank digital currency in the United States.
After the announcement, Bitcoin was trading at about $103,000.
This step aligns with President Trump's campaign promise to position the United States as a leader in digital asset innovation.
