President Donald Trump solidified his pro-crypto stance in an executive order on Thursday, saying that his administration will support the growth and use of digital assets and blockchain technology.
The executive order delivers multiple major wins for crypto by directing the government to develop a clear regulatory framework for the industry and explore the creation of a national digital asset stockpile. The executive order established the so-called President’s Working Group on Digital Assets Markets to be chaired by the Special Advisor for Bitcoin reserve to hedge against inflation. Proponents of the move say it would legitimize the cryptocurrency as a store of value and drive up its price.
