Donald Trump’s executive order on crypto, titled “Strengthening American Leadership in Digital Financial Technologies,” has been signed.
Here’s exactly what’s inside the order – which utterly revokes that of the more crypto-hostile Biden administration from two years ago.
Broadly, the order establishes the “President‘s Working Group on Digital Asset Markets.” It will be chaired by David Sacks – the special advisor for AI and crypto – and include heads of several other agencies like the Treasury Secretary, Attorney General, SEC chairman, and CFTC chairman.
Next, the order tasks the DOJ, Treasury, and SEC to identify all recommendations and policies made to crypto within 30 days, and to submit recommendations for whether they should be revised or kept within 60 days.
Within 180 days, the Working Group must submit a report to the President with policy recommendations surrounding crypto.
In particular, they must propose a regulatory framework for the “issuance and o
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