#TrumpCryptoOrder According to CoinDesk, the President of the United States, Donald Trump, has issued an executive order aimed at fostering a conducive environment for the cryptocurrency industry in the United States. This directive, announced on Thursday, seeks to establish policies that provide a solid foundation for digital assets within the country. The order also explores the possibility of creating a "digital asset reserve".

The executive order marks a significant shift in federal policy toward cryptocurrencies, potentially allowing the sector to advance within a more favorable framework set forth by the White House. While such orders are usually the starting point and not the conclusion of policy development, this pro-cryptocurrency measure by the President is considered a crucial first step. Following the announcement, Bitcoin experienced a brief surge, rising above $106,000 from around $103,000, before settling back at $103,500, reflecting a decrease of 0.51% in the last 24 hours.

The order includes provisions to protect individuals involved in the cryptocurrency space from legal repercussions, provided their activities are legal. It establishes a working group led by Trump's advisor on cryptocurrencies and artificial intelligence, venture capitalist David Sacks, and includes several cabinet officials, as well as the heads of the Securities and Exchange Commission and the Commodity Futures Trading Commission. Although the order does not immediately create a strategic reserve of bitcoins, it instructs the working group to assess the feasibility of establishing a national digital asset reserve.