In a landmark move, President Donald Trump has signed an executive order positioning the United States as a global leader in the digital asset market. The order establishes a working group to explore the creation of a national digital asset stockpile, potentially including Bitcoin.

The executive order aims to support the responsible growth and use of digital assets, blockchain technology, and related innovations across all sectors of the economy. It also prohibits federal agencies from creating Central Bank Digital Currencies, signaling a clear stance on the future of digital assets in the U.S.

Currently, the federal government holds approximately 200,000 bitcoins, valued at about $21 billion. The working group is tasked with reporting by July on criteria for such a reserve, possibly utilizing cryptocurrencies seized by the government.

Industry leaders have lauded the move as a significant shift in U.S. digital asset policy. Katherine Kirkpatrick Bos of StarkWare and Nathan McCauley of Anchorage Digital view the order as a major positive development, providing much-needed regulatory clarity.

Bitcoin’s price has experienced volatility amid these developments. After reaching a high of $109,000, it fell to $101,000 before stabilizing around $105,000. As of now, Bitcoin is trading at approximately $102,378.

This executive order marks a pivotal moment in cryptocurrency history, reflecting the U.S. government’s commitment to embracing digital assets and solidifying its position in the evolving financial landscape.

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