YEREVAN (CoinChapter.com) — President Donald Trump signed executive orders addressing cryptocurrency and artificial intelligence (AI). These directives establish new policies, including the creation of a National Digital Asset Stockpile and a regulatory framework for digital assets.
Trump Crypto Order Details. Source: Eleanor Terrett
National Digital Asset Stockpile Introduced
One executive order authorizes a National Digital Asset Stockpile. This initiative is distinct from previous proposals, such as a Bitcoin reserve, and does not require Congressional approval. The stockpile’s purpose or contents have not been fully disclosed.
The lack of details has raised questions about whether the stockpile will include Bitcoin, stablecoins, or other digital assets.
This development comes amid growing interest in digital asset reserves, with similar proposals gaining attention in Congress and among state governments.
Presidential Working Group on Digital Assets Formed
Another executive order establishes the Presidential Working Group on Digital Asset Markets, led by White House AI and Crypto Czar David Sacks. The group includes the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission (SEC), and heads of other federal agencies.
The working group’s responsibilities include:
Developing a federal regulatory framework for digital assets, including stablecoins. Evaluating the role and management of the National Digital Asset Stockpile. Reviewing federal regulations to identify those that may hinder growth in the digital finance sector.The group will also consult industry experts to ensure policies reflect current trends and practices in the digital asset market.
CBDCs Excluded from Federal Plans
The orders prohibit federal agencies from developing or promoting central bank digital currencies (CBDCs). This policy marks a departure from previous efforts under other administrations to explore CBDC frameworks.
In addition, the executive orders revoke the Digital Assets Executive Order and the Treasury Department’s Framework for International Engagement on Digital Assets, both of which faced criticism for limiting growth in the digital finance industry.
Cryptocurrency Working Group Established
A separate order establishes a Cryptocurrency Working Group. While its exact role remains unclear, reports suggest the group will provide advisory support to federal agencies. It will collaborate with experts and policymakers but will not work on CBDC initiatives.
The working group is expected to contribute to creating a cohesive federal strategy for digital assets, though its specific mandate has not been detailed.
Mixed Reactions to National Digital Asset Stockpile
The cryptocurrency industry has responded to the executive orders with a mix of interest and concern. The creation of the National Digital Asset Stockpile has drawn attention, with many speculating on its potential impact on U.S. digital asset policies.
While some view the move as a step toward a comprehensive framework for digital finance, others express frustration over the lack of clarity. Questions remain about whether the stockpile will primarily consist of Bitcoin, stablecoins, or other assets, including the newly introduced TRUMP meme coin.
Additionally, the absence of Congressional approval raises doubts about whether the stockpile can evolve into a true National Reserve.
Trump Digital Stockpile Reaction. Source: Adam HollanderThe post BREAKING: Trump Signs Executive Orders on Cryptocurrency and AI, Reshaping Digital Asset Policies appeared first on Coinchapter.
