According to Fox reporter Eleanor Terrett, the U.S. President has officially signed an executive order on cryptocurrency, establishing the Presidential Working Group on Digital Asset Markets to strengthen the nation’s leadership in digital finance.
The group will develop a federal regulatory framework, including stablecoin oversight and an assessment of the feasibility of a national digital assets strategic reserve. Chaired by White House AI and Crypto Czar David Sacks, the group will include the Secretary of the Treasury, the SEC Chair, and other relevant department heads.
Additionally, the order revokes the previous administration’s executive order on digital assets and the Treasury Department’s international framework.
Details are coming…
