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Trump's Executive Order on Crypto Receives Tepid Market Reaction

BloombergJan 23, 2025

President Donald Trump signed an executive order titled 'Strengthening American Leadership in Digital Financial Technology,' which acknowledges the importance of the digital asset industry in innovation and economic development. The order outlines a policy to support the growth of digital assets and blockchain technology. It establishes a working group to advise on digital asset policies and submit a report with regulatory and legislative recommendations within six months. The order also tasks the group with evaluating the potential creation of a national digital asset stockpile from lawfully seized cryptocurrencies. Despite the significance of the order, the market reaction was muted.

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Trump's Executive Order on Crypto Receives Tepid Market Reaction

BloombergJan 23, 2025

President Donald Trump signed an executive order titled 'Strengthening American Leadership in Digital Financial Technology,' which acknowledges the importance of the digital asset industry in innovation and economic development. The order outlines a policy to support the growth of digital assets and blockchain technology. It establishes a working group to advise on digital asset policies and submit a report with regulatory and legislative recommendations within six months. The order also tasks the group with evaluating the potential creation of a national digital asset stockpile from lawfully seized cryptocurrencies. Despite the significance of the order, the market reaction was muted.

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