On January 24th, COINOTAG News reported a significant development in the digital asset sector, as President Donald Trump has taken steps to bolster the industry through a recent executive order. This directive signals a shift in regulatory attitudes, marking the end of a prolonged period of uncertainty for cryptocurrency stakeholders. The executive order establishes a dedicated working group comprised of pivotal agencies such as the U.S. Department of the Treasury, the Department of Justice, the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC). These agencies will collaborate to deliver cryptocurrency policy recommendations to the White House, highlighting the sector’s essential role in fostering innovation and driving economic growth in the United States.
This working group’s objectives include the formulation of a comprehensive regulatory framework and the assessment of legislative measures that support digital asset policies. Although the industry anticipated immediate action following Trump’s inauguration, other pressing matters, such as trade relations and energy policy, delayed the launch of this initiative. The expected timeline for the working group’s report spans approximately six months, during which it will also explore the feasibility of establishing a cryptocurrency reserve.