President Donald Trump has issued an executive order establishing a working group on digital assets to craft a federal regulatory framework for cryptocurrencies and explore the creation of a national digital asset stockpile.

The directive emphasizes the importance of the digital asset industry in fostering innovation, economic growth, and maintaining U.S. global leadership. In his statement, Trump highlighted his administration's policy to support the responsible development of blockchain and related technologies across all economic sectors.

The newly formed working group will include key officials such as the Secretary of the Treasury, Attorney General, and Secretary of Commerce. They are tasked with delivering a comprehensive report within 180 days, outlining regulatory and legislative recommendations for the cryptocurrency sector. Notably, the group will explore the establishment of a national digital asset stockpile, potentially comprising cryptocurrency assets seized by the federal government.

Additionally, the executive order explicitly prohibits federal agencies from pursuing the creation or promotion of a Central Bank Digital Currency (CBDC), effectively halting ongoing work in this area. To bolster the private sector, the order also calls for ensuring crypto firms' access to fair banking services, safeguarding the industry's ability to innovate within a stable financial ecosystem. This directive marks a significant step in shaping U.S. policy on digital assets while drawing clear boundaries for federal involvement.