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

  • President Donald Trump signed an executive order promoting digital assets and establishing a digital asset stockpile, according to a White House release.
  • The order creates a Presidential Working Group on Digital Asset Markets to develop regulations for digital assets like stablecoins.
  • Trump's order also revokes Biden's Digital Assets Executive Order and prohibits the promotion of Central Bank Digital Currencies .
  • The Working Group must submit a report within 180 days to recommend regulatory proposals for digital assets.
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