US President Donald Trump has signed an executive order to establish a digital asset stockpile, according to a White House release. Indeed, the “crypto president” is delivering on his promise to Americans and crypto fans to prioritize the industry.
“The digital asset industry plays a crucial role in innovation and economic development in the United States, as well as our Nation’s international leadership,” the release quoting Trump states. “It is therefore the policy of my Administration to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy…”
During his campaign, Donald Trump spoke highly of cryptocurrency, even speaking at the 2024 Bitcoin Conference. He has already spoken with multiple crypto industry experts since he was elected last November. Additionally, multiple lawmakers and state officials introduced bills to launch strategic state Bitcoin reserves, in a move preparing for a national reserve. Furthermore, the 47th US President appointed Mark Uyeda as acting US Securities and Exchange Commission (SEC) chair.
With anti-crypto head Gary Gensler resigning, Uyeda has already made progress amid Trump’s emerging agenda. In his first days, he also announced the arrival of the agency’s inaugural Crypto Task Force. Now, a digital asset stockpile is being formed.
Hellbound and Down 