President Trump Establishes Digital Asset Working Group for Crypto Regulation

2 mins mins

Key Points:

U.S. President Donald Trump signed an executive order forming the Digital Asset Working Group to create a federal regulatory framework for cryptocurrencies.
Chaired by White House AI and Crypto Czar David Sacks, the group includes top officials with a six-month deadline to present recommendations.

The President of the U.S. Donald Trump has signed an executive order to create the Presidential Working Group on Digital Asset Markets in light of strengthening the nation’s leadership in digital finance.

President Creates Digital Asset Working Group to Regulate Cryptocurrencies

The Digital Asset Working Group will include the Treasury Secretary, Attorney General, Commerce Secretary, and heads of the SEC and CFTC, with White House AI and Crypto Czar David Sacks, a longtime ally and former chief operating officer to Elon Musk at PayPal and later at X, leading the charge. Now, it’s got six months to produce recommendations on a Federal regulatory framework that touches on market structures and legislative proposals around digital assets.

The order rescinds previous memos on digital assets from the prior administration and an international framework from the Treasury Department. The Digital Asset Working Group will research how to classify digital assets into securities, commodities, or collectibles, as well as how to incorporate stablecoins into the financial system.

Special Focus: Stablecoins, Digital Dollar, and Stockpile of Assets

In a statement to Fox Business, David Sacks said that stablecoins could offer a better alternative to CBDCs, which he criticized as threats to financial freedom. He added that digitizing the U.S. dollar would raise demand for U.S. Treasuries, reduce pressures of national debt, and lower long-term interest rates.

Meanwhile, the concept of a national digital asset treasure hoard remains on the table. The administration did not address how such an idea might conflict with an existing collectible token store, but Sacks underlined its view on the strategic regulation of a fast-changing digital financial frontier.

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