TRUMP JUST SIGNED THE EXECUTIVE ORDER TO CREATE A CRYPTO STOCKPILE! (STRATEGIC BITCOIN RESERVE)

Executive Order Summary

President Trump signed an executive order to:

• Develop a national digital asset stockpile
• Create a crypto working group to develop a federal regulatory framework for digital assets
• Evaluate the creation of a strategic national digital asset stockpile

Working Group Details

• The working group will be chaired by the White House AI and Crypto Czar, David Sacks
• Members will include the Secretary of Treasury, the Chairman of the Securities and Exchange Commission, and other relevant department heads
• The working group will engage with leading experts in digital assets and digital markets

Key Points

• The executive order prohibits agencies from establishing or promoting central bank digital currencies
• It revokes the previous administration's digital asset executive order and the Treasury Department's framework for international engagement on digital assets
• The goal is to make the U.S. a global leader in digital assets

Market Reaction

• Bitcoin is moving up on the news, but not explosively
• The market is still trying to gauge the meaning and impact of the executive order

Other Developments

• A new ETF with Bitcoin has been launched, guaranteeing 100% of the investment back if Bitcoin drops 50%, but limiting upside to 11.5%
• Lingo, a crypto project, continues to find support around 30-31 cents and has a large community with over 8 million users.