U.S. President Donald Trump on Thursday ordered the creation of a cryptocurrency working group tasked with proposing new digital asset regulations and exploring the creation of a national cryptocurrency stockpile,

President Donald Trump signed an executive order for advancing crypto innovation in US and also exploring a national digital asset stockpile.

Space X and Tesla CEO Elon Musk, who Trump has appointed as co-lead in the newly created Department of Government Efficiency (DOGE), stands as the richest person in the world with a fortune of $433.9 billion, per Forbes.

Ivanka Trump warns of a fraudulent cryptocurrency, '$IVANKA', being promoted without her consent. She emphasises her lack of involvement and highlights the risks of consumer deception and legal violations due to the unauthorized use of her name.

"Seriously I was a big trump fan, but which president think's it's a good idea to make a meme coin when they are about to be in charge of a very large country? "

Donald Trump launched $TRUMP cryptocurrency, a meme coin, days before his inauguration. It quickly reached over $32 billion in value. Melania has now launched her own.

Melania Trump launched a meme coin on the eve of her husband’s inauguration — causing his own new cryptocurrency to briefly tank amid a buying frenzy. The incoming first lady dropped news of the cryptocurrency — “$MELANIA” — on Sunday night — just days after her husband, President-elect Donald Trump, revealed his own newly created $TRUMP coin.

As part of the executive order, the creation of central bank digital currencies in the US has also been banned, which could compete with existing cryptocurrencies.

Trump's actions contrast sharply with those of former President Joe Biden’s administration, which had taken a more adversarial stance on crypto.