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According to CoinDesk, U.S. President Donald Trump has issued an executive order aimed at fostering a favorable environment for the cryptocurrency industry in the United States. The directive, announced on Thursday, seeks to establish policies that will provide a solid foundation for digital assets within the country. The order also explores the possibility of creating a “digital asset stockpile.” The executive order marks a significant shift in federal policy toward cryptocurrencies, potentially allowing the industry to move forward under a more favorable framework set by the White House. While such orders are typically the starting point rather than the conclusion of policy development, this action by the pro-crypto president is seen as a crucial first step. Following the announcement, Bitcoin experienced a brief surge, rising above $$ 106.000 from around $$ 103.000 before settling back down at $$ 103.500, reflecting a 0.51% drop over the past 24 hours.

The order includes provisions to protect individuals involved in the crypto space from legal repercussions, as long as their activities are legal. It establishes a task force led by Trump’s crypto and AI advisor, venture capitalist David Sacks, and includes several Cabinet officials, as well as the heads of the Securities and Exchange Commission and the Commodity Futures Trading Commission. While the order does not immediately create a strategic bitcoin reserve, it does instruct the task force to assess the feasibility of establishing a national stockpile of the digital asset.

In addition, the order prohibits any work on a U.S. central bank digital currency (CBDC) during the Trump administration. It explicitly prohibits agencies under its authority from taking any steps to establish, issue, or promote CBDCs within the United States or internationally.

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