On January 23, 2025, US President Trump signed an executive order on cryptocurrency in the Oval Office of the White House in Washington, USA.
Kevin Lamarque | Reuters
President Donald Trump An executive order was signed on Thursday to promote the development of cryptocurrencies in the United States and work to develop a national digital asset reserve.
Venture capitalist David Sacks Trump clicked As his cryptocurrency and artificial intelligence czar signed the order in the Oval Office with Trump.
“The digital asset industry plays a vital role in U.S. innovation and economic development as well as our country’s international leadership,” Order state.
Trump was critical of cryptocurrencies in his first administration, but after four years of turmoil, he changed his tune on the campaign trail and attracted huge donations from the industry. President Joe Biden. Cryptocurrency investors, companies and executives Accounts for almost half of corporate donations During the 2024 election cycle, some donated tens of millions of dollars to help Trump win a second term.
Much of the order focuses on establishing technology and rules around cryptocurrencies and their development in the United States, with a key part being the creation of a working group to consider the national inventory of digital assets that “may come from cryptocurrencies lawfully seized by the federal government.” It Law Enforcement Efforts.
Historically, the U.S. Marshals Service has auctioned seized items Bitcoinas well as other cryptocurrencies such as ether and Litecoin. Trump promised on the campaign trail that if he returned to the White House, he would ensure the federal government would never sell its Bitcoin holdings.
“If I are elected, it will be the policy of my administration (the United States of America) to preserve 100% of all Bitcoin currently held or acquired by the United States government into the future.” July says Keynote address at the Bitcoin Conference in Nashville, Tennessee.
Since his victory in November, Trump has focused on appointing government leaders who support the cryptocurrency industry.
Paul Atkins nominated to serve as SEC chairman. Atkins is a former SEC commissioner known for advocating for market-friendly policies and opposing heavy-handed regulation. If confirmed, he will succeed Gary GenslerHis aggressive enforcement of cryptocurrency regulations has made him a controversial figure in the industry.
Earlier this week, the U.S. Securities and Exchange Commission announced the creation of a new “Cryptocurrency Task Force,” led by Commissioner Hester Peirce. Pierce, known as the “Crypto Mom” for her outspoken support of digital currencies, has long advocated for a regulatory framework that promotes, rather than hinders, innovation.
Scott Bessent, a hedge fund manager who supports cryptocurrencies, was appointed by Trump as Treasury Secretary. Bessent attends Encryption ball Friday’s event in Washington brought together lawmakers, Cabinet appointees and industry leaders and highlighted the administration’s plan to make the United States a global leader in digital asset innovation.
“The crypto wars are over,” Sacks told a packed Mellon Auditorium crowd on Friday night.
“This is just the beginning of America’s return to being the world’s innovation leader,” Sacks said.
