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Trump orders formation of working group to evaluate crypto stockpile
President Donald Trump on Thursday ordered the formation of a working group to propose federal regulations for "digital assets" -- including
Trump’s latest executive order — titled “Strengthening American Leadership in Digital Financial Technology” — comes two days after the Securities and Exchange Commission, currently led by crypto-friendly Republican Mark Uyeda, launched a crypto task force to “draw clear regulatory lines” for the market. Specifically, it repeals an executive order from former President Joe Biden signed in 2022 to address the risks and harness the potential benefits of digital assets and their underlying blockchain technology, while emphasizing the need to protect consumers and investors. Previous administrations have approached the crypto world with caution due to concerns that it can easily be used in association with illicit and illegal activities, like ransomware payments and money laundering.
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