President Trump signed a 'Digital Assets' executive order, which disappointed Bitcoin enthusiasts who anticipated a Strategic Bitcoin Reserve. Instead, the order indicates a vague roadmap to assess a national digital asset stockpile, with no direct mention of Bitcoin. However, the EO also signals a restriction on Central Bank Digital Currencies (CBDCs), which is seen as a positive for Bitcoin advocates. Senator Cynthia Lummis stated that the long-term strategy for Bitcoin requires legislative action, as executive orders can be easily reversed by subsequent administrations, emphasizing the need for durable legislation to secure Bitcoin's future in the U.S. economy.
The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile.
Even if the EO had been an outright Strategic Bitcoin Reserve, the next administration could undo it.
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