Key Takeaways U.S. President Donald Trump on Thursday signed an executive order to establish U.S. dominance in digital assets and financial technology.While partly delivering on a campaign promise to create a bitcoin stockpile,

During 2024’s presidential election, the crypto industry gave generously to Donald Trump, lobbying hard for him to win. Now that their guy is in the White House, they’re hoping he will deliver on his promise to make America the “world capital” of cryptocurrency.

The idea that the government would hold onto the 16 other crypto assets the government is holding is both silly and pointless, as none of those other assets were designed to be a store of value, and a chunk of them are just digital versions of the ever-debasing U.S. dollar.

Trump’s executive order establishes a crypto working group to regulate digital assets and explore a Bitcoin strategic reserve.

Bitcoin recently hit an all-time high of $109,071, driven by the U.S. regulators approval of spot price ETFs and Donald Trumps inauguration as the crypto president. Despite this rally, some top institutional