Former U.S. President Trump signed an executive order on cryptocurrency, establishing a cryptocurrency working group with plans to create a national Bitcoin reserve. The order aims to strengthen the United States' position in the global digital asset space, reduce regulatory burdens on crypto companies, and encourage the adoption of digital assets. The working group will develop a federal regulatory framework for digital assets and assess the establishment of a strategic national digital asset reserve. The executive order prohibits institutions from taking any action to create, issue, or promote Central Bank Digital Currency (CBDC).