While barring CBDCs, the order leaves space for the establishment of privately-issued “stablecoins” and creates a presidential crypto working group.

President Trump's Jan. 23 executive order creates a crypto task force to craft rules and study a national reserve or stockpile of digital assets.

Trump's expected executive order is seen including the creation of a crypto taskforce involving industry insiders, among other things.

President Donald Trump on Thursday signed an executive order on the cryptocurrency industry, in a long-awaited move that appears to meet some industry demands.

The executive order directs the government to propose a regulatory framework and explore the creation of a digital asset stockpile.

An illustration featuring U.S. President-elect Donald Trump holding Bitcoin is displayed outside a cryptocurrency exchange store after Bitcoin soars above $100,000, in Hong Kong, China, December 5, 2024.