US President Donald Trump has signed his first decree on cryptocurrencies, initiating the creation of a working group to develop a strategy for regulating digital assets. The document highlights the ban on the development and use of a national digital currency (CBDC), as well as a proposal to explore the creation of a national cryptocurrency reserve.
The working group, led by "crypto czar" David Sachs, will include representatives from the Treasury Department, SEC, CFTC and other federal agencies. The main focus of the group is the regulation of stablecoins and the study of the long—term prospects of the national reserve of digital assets.
The move replaces a 2022 executive order signed by the previous Joe Biden administration aimed at developing a framework for regulating cryptocurrencies. Trump emphasized that his goal is to make the United States a world leader in the cryptocurrency industry.
Experts believe that the ban on CBDC and national reserve initiatives may affect the further development of the crypto market in the United States.