Trump Establishes Working Group on Digital Asset Markets
- President Trump signed an executive order forming the Presidential Working Group on Digital Asset Markets.
- The group will develop federal regulations for digital assets, including stablecoins.
- The order explores creating a national digital assets stockpile, sparking Bitcoin reserve speculation.
- The US Government holds $21 billion in seized digital assets, mainly Bitcoin, with over 198,000 BTC.
- David Sacks will chair the working group, including the Treasury Secretary and SEC Chairman.
- Senator Cynthia Lummis leads bipartisan efforts for digital asset legislation and a potential Bitcoin reserve.
The executive order by President Trump aims to regulate digital assets and considers establishing a national stockpile from seized crypto assets. The US Government currently holds $21 billion in such assets.
Source (2.6)https://cryptobriefing.com/trump-executive-order-strategic-bitcoin-reserve/?rand=59535