U.S. President Donald Trump has signed an executive order to create a national digital asset stockpile to support crypto innovation and strengthen the U.S.'s position in digital finance.
The order sets up a Presidential Working Group, led by White House Al & Crypto Czar David Sacks, to develop regulations and assess a strategic reserve of cryptocurrencies like Bitcoin.
Agencies must review crypto-related rules within 60 days and suggest changes.
The order also bans the creation or promotion of central bank digital currencies (CBDCs) and cancels any existing plans unless required by law.
It cancels Biden-era digital asset policies and focuses on promoting innovation and economic freedom.
A national Bitcoin reserve is being discussed, showing more institutional interest in cryptocurrency.