President Donald Trump signed an executive order creating a Presidential Working Group on Digital Asset Markets to explore a potential national reserve for Bitcoin and other digital assets. The group, which includes significant figures from the financial sector and will be overseen by Silicon Valley's 'AI and crypto czar', aims to provide guidance on crypto policies. The order also prohibits the launch of central bank digital currencies (CBDCs), emphasizing a focus on the rights of American citizens and companies to engage with cryptocurrency. Although it hints at the establishment of a strategic digital assets stockpile and mentions the possibility of Bitcoin reserve legislation, the order does not specifically name Bitcoin or any other cryptocurrencies. This initiative aligns with Trump's campaign promises concerning cryptocurrency, reflecting a move towards potentially comprehensive federal regulation in the crypto space.

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