Just three days after his January inauguration, President Trump signed an executive order that he had promised on the campaign trail, establishing a digital assets working group comprised of top administration figures that would usher in a new era for crypto in the U.S.
On Wednesday, the group—which includes Treasury Secretary Scott Bessent, AI and Crypto Czar David Sacks, and other leading officials—released a 166-page report detailing the administration’s new approach, which Trump pledged would be a departure from his predecessor, President Biden, who cracked down on the blockchain industry.
