💨 Abstract

President Donald Trump has signed an executive order to create a working group for cryptocurrency regulation, tasked with proposing a framework for digital assets and exploring the creation of a government-held digital asset stockpile. The group aims to protect banking services for crypto companies and ban central bank digital currencies that compete with existing cryptocurrencies. The working group includes top officials from the Treasury, Justice Department, and Securities and Exchange Commission, among others.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖