Trump signs the executive order on encryption, the stock of digital assets

President Donald Trump signed an executive order on Thursday to enhance the progress of cryptocurrencies in the United States and work to develop a national stock of digital assets.

David Sachs, the capitalist, whom Trump took advantage of his encryption and artificial intelligence, joined Trump at the Oval Office to sign the matter.

“The digital asset industry plays an important role in innovation and economic development in the United States, as well as leading our international nation.” to request Countries.

Trump, who was a critic of encryption in his first administration, changed his melody on the campaign’s path and attracts huge contributions from the industry after four troubled years under the then President Joe Biden. Crypto investors, companies and executives are approximately half of the companies’ donations in the 2024 election session, with some tens of millions of dollars to help Trump win a second term in the office.

Most of the arrangement focuses on creating technology and rules around Crypto and its development in the United States, one of the critical pieces is to create a working group for law enforcement efforts. “

Historically, the Marshall USA service was arrested BitcoinBesides other cryptocurrencies such as ether and Litecoin. Trump’s promise to the campaign’s path that if he returns to the White House, it will ensure that the federal government never sells its bitcoin holdings, although Thursday does not mention Bitcoin.

“If I am elected, my administration’s policy, the United States of America, will keep 100 % of the total bitcoin coin currently maintaining or gaining it in the future.” He said in July In the keynote speech at the Bitcoin Conference in Nashville, Tennessee.

It continues to define other main priorities for the digital asset industry, including the protection of individuals and private sector companies that use Blockchain from “persecution”. The document clarifies some protection for developers and miners, noting that they should be able to “develop and publish programs” as well as “participating in mining and verifying verification of verification,” a gesture of technicians who believe in bitcoin network.

The president also pledged to defend the rights of those who choose to friction in their digital origins. This means that they do not depend on a central entity like Coinbase to hold their distinctive symbols and instead the use of personal encryption portfolios, which are sometimes outside the interior revenue service.

This emphasizes the strengthening of the US dollar by supporting the growth of Stablecoins project supported by the dollar worldwide.

Since his victory in November, Trump has focused on appointing government leaders who support the encoded currency sector.

Paul Atkins was nominated to chair the Securities and Stock Exchange Committee. Atkins, former SEC Commissioner, is famous for calling for market friendly policies and heavy organizing. If confirmed, Gary Ginsner, who made her aggressive enforcement of the encryption regulations, will succeed a divided character in this industry.

Earlier this week, the Supreme Education Council announced the formation of a new “encryption” work team, led by Commissioner Hyster Peres. Pears supported that Pears, who was called “Crypto Mom” ​​for her explicit support for digital currencies, has long defended an organizational framework that enhances innovation rather than hindering this.

Scott Bessin, a supporter of a supporter of the Krava, is the choice of Trump to lead the Treasury. Bessent attended the encryption ball on Friday in Washington, the event that brought together the legislators, the cabinet appointed and the leaders of the industry, and emphasized the management plan to make the United States a global leader in creating digital assets.

“The war on Crypto has ended.”.

“This is just the beginning of America to restore its position as an innovation leader in the world,” Sachs said.