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Trump signs executive order establishing crypto working group

President Trump signed a presidential decree on the White House artificial intelligence (AI) and a digital asset led by David Sax, the top cryptocurrency.

The work group is to propose a framework for federal regulations on digital assets and to consider whether to create a state of digital asset asset.

Mr. Sax, who attended with Mr. Trump in the presidential office for the signature, announced the government's policy that “basically, the United States is the world's capital of artificial intelligence, dominates the world in the AI ​​field, and leads to lead. I am. “

“We are going to make a lot of money for the country,” Trump said.

The Digital Asset Working Subcommittee has six months to submit a recommendation to the president with regulations and proposals.

Consists of Finance, Secretary of Justice, Chairman of the Securities and Exchange Committee (SEC), and Chairman of the Product Future Transactions Committee (CFTC).

Some of the people who chose this position as President Trump include Candidates for cryptocurrency promotion groups, such as Paul Atkins, which the President was nominated as SEC chairman, and Trump's Candidates Howard Ratonic. It is.

Thursday's presidential decree also prohibits the establishment of the Central Bank Digital Currency (CBDC), claiming that it “threaten the stability of the financial system, the privacy of individuals, and the US sovereignty.”

Despite once denied cryptocurrencies as “fraud,” Trump accepted the cryptocurrency industry during the 2024 election. He expressed his new support for digital assets at the time of the discoveries that the cryptocurrency world was strengthening the conflict with the Biden administration.

President Trump's announcement on Thursday immediately gained a wide range of support from the industry, but the industry has repeatedly complained about the clarity of digital assets.

CEO, CEO, has advertised the presidential ordinance as “an important advancement to the industry.”

According to a statement, “President and candidates leading the main regulatory agencies have promised to make the United States a cryptocurrency capital of the earth,” said Smith.

CEO and co -founder of CEO and co -founder of the cryptocial asset management company, Nathan Macqurey, praised the order as “a major change in US digital asset policy.”

“The government is taking an important first step toward formulating a clear and consistent road rule by taking the entire government approach to cryptocurrencies,” said McCorley.

Tim Scott Senate (RS.C.) is looking forward to the clarity, choice, and opportunities in this important field of the 21st century in cooperation with the President and its work group on Thursday. He said.

According to Scott, “the nationwide voters have revealed in November that they are seeking access to digital assets and clear regulatory frameworks for the industry.”

“In just a few days since the establishment of the administration, President Trump made a promise, established the first Presidential Subcommittee on the Digital Asset Market, and the federal government continued to work in the United States to become a digital asset innovation leader. The government is sure to protect it. “

After President Trump and Mrs. Melania launched two cryptociang tokens $ trump and $ melania, Trump has noticed that it has fallen into the world of cryptocurrencies in the past week.

These tokens are considered a Memcoin (virtual currency based on the Internet trend, no valuable value), and some are concerned that it will remove the shadow of the president's efforts to excite the industry. 。

Updated at 5:10 pm EST.

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