US President Donald Trump has introduced a much-anticipated executive order on crypto that directs his administration to establish friendly policies to put the industry on solid footing in the United States and work to create a “stock of digital assets”.
After years of legal battle with federal authorities, Trump’s order could allow the digital assets sector to move forward in the United States under a more welcoming framework set by the White House. Such orders are more of a beginning than an end in federal policy, but the pro-crypto president has taken this first step, Bloomberg reported Thursday.
When Trump failed to issue it among his first wave of executive orders, crypto insiders became increasingly tense about the new relationship he had promised. But behind the scenes, leaders of US market regulators – the Securities and Exchange Commission and the Commodity Futures Trading Commission – were already preparing this week to move digital asset companies out of the multi-year penalty zone in which regulators The previous agency maintained them.
