Trump administration launches “Crypto Task Force” framework for fast-evolving world of crypto assets

The Trump administration took its first steps Tuesday toward an expected lowering of regulatory barriers for cryptocurrency.

In a long-awaited move from the digital assets industry, the Securities and Exchange Commission announced that acting Chair Mark Uyeda has launched a "crypto task force" aimed at "developing a comprehensive and clear regulatory framework for crypto assets."

During the presidential campaign, Donald Trump promised a crypto-friendly administration for the $3.7 trillion industry.

Though Uyeda announced the initiative, it will be led by SEC Commissioner Hester Peirce. Uyeda is holding the chair set until Paul Atkins gets through the confirmation process and providing enforcement resources.


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https://www.cnbc.com/2025/01/21/trumps-sec-launching-crypto-task-force-to-develop-clear-regulations-for-industry.html

 

[1LoverofGod]

Gotta have the digital currency ready for the infrastructure being built to use it for
Hmmm

 

[1LoverofGod]

Trump signs executive order promoting crypto, paving way for digital asset stockpile​

President Donald Trump signed an executive order on Thursday to promote the advancement of cryptocurrencies in the U.S. and to work toward potentially developing a national digital asset stockpile.

Venture capitalist David Sacks, who Trump tapped as his crypto and artificial intelligence czar, joined Trump in the Oval Office for the signing of the order.

“The digital asset industry plays a crucial role in innovation and economic development in the United States, as well as our Nation’s international leadership,” the order states.

Trump, who was a crypto critic in his first administration, changed his tune on the campaign trail and attracted hefty contributions from the industry after a tumultuous four years under then-President Joe Biden. Crypto investors, companies and executives accounted for almost half of corporate donations in the 2024 election cycle, with some contributing tens of millions of dollars to help Trump win a second term in office.

Most of the order focuses on establishing technology and rules around crypto and its development in the U.S. One of the critical pieces is the creation of a working group to consider a national digital asset stockpile, “potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement effort.”


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https://www.cnbc.com/2025/01/23/trump-signs-executive-order-on-crypto-digital-asset-stockpile.html