Trump signs executive order to establish Cryptocurrency Working Group: evaluate the creation of a national reserve, ban CBDC

Trump signed an executive order establishing the President's Digital Assets Market Working Group. The group's responsibilities include building a federal regulatory framework for managing digital assets (including stablecoins) and evaluating the creation of a strategic national digital asset reserve. The working group will be chaired by David Sacks, the White House's 'AI and Cryptocurrency Tsar', and its members will include the Secretary of the Treasury, the Chairman of the SEC, and other heads of relevant departments and agencies. The executive order directs departments to propose recommendations to the working group regarding any regulations and other agency actions that should be repealed or modified to impact the digital asset sector. In addition, the executive order prohibits agencies from taking any action to establish, issue, or promote a central bank digital currency (CBDC). The executive order also rescinds the previous administration's 'Executive Order on Digital Assets' and the Treasury Department's 'International Participation Framework for Digital Assets', claiming that these two executive orders have stifled innovation, harmed America's economic freedom, and its global leadership position in the digital finance sector.

# Trump signs US strategic Bitcoin reserve

Some people think that the good news is over, and Bitcoin will fall. I hold the opposite view. Besides, it is only Trump who signed the US strategic Bitcoin reserves, and the US government has not yet started buying. Where does the idea of the good news being exhausted and falling come from? If the United States starts buying, it is not something that individuals and institutions can compare with.

If Trump signs the relevant bill or policy for the strategic Bitcoin reserve in the United States, it is very likely to have a positive effect on the Bitcoin price and promote its rise. The following are my personal opinions:

Positive impact of policy signals

Trump's signing of the US strategic Bitcoin reserve signifies official recognition and support from the US government for Bitcoin. This policy signal will greatly enhance investors' confidence in Bitcoin, prompting more funds to flow into the Bitcoin market. At the same time, it will also increase the global visibility and influence of Bitcoin, attracting more attention from international investors.

Changes in supply and demand

The United States will include Bitcoin in its strategic reserves, which will directly increase the demand for Bitcoin. With the increasing demand, the scarcity of Bitcoin will be further highlighted, thereby pushing up its price. In addition, this policy may also attract attention and imitation from other countries towards Bitcoin, further driving the growth of global demand for Bitcoin.

Boosting Market Sentiment

The news of Trump signing a strategic Bitcoin reserve for the United States will boost market sentiment and inspire investors' optimistic expectations. Driven by this optimistic sentiment, investors may be more actively involved in Bitcoin trading, further pushing up Bitcoin prices.

Trump's finance has new moves again, just bought $10 million worth of ETH and $2.65 million worth of TRX

A picture to understand Trump's Crypto Assets relationship diagram:

These people control the world's top resources and have the financial power to mobilize funds that we can hardly imagine, so...

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