US President Donald Trump has secured an eagerly awaited executive order on crypto that directs his administration to establish friendly policies to put the industry on a firm US footing and work towards establishing a “digital asset stockpile.”
After years of courtroom battles with federal authorities, Trump’s order could allow the digital assets sector to move forward in the US with a more welcoming framework set by the White House. Such orders are more of a beginning than an end to federal policy, but the pro-crypto president took that first step, Bloomberg reported Thursday.
When Trump failed to bring it up in his opening executive orders, crypto insiders became increasingly tense about the new relationship he had promised. But behind the scenes, leaders at US markets regulators — the Securities and Exchange Commission and Commodity Futures Trading Commission — are preparing this week to move digital asset businesses out of the multi-year penalty box they’ve been kept in by former agency officials.
