President Donald Trump On Thursday he signed an executive order that aims to clarify the regulations of the crypt industry to “secure the position of the United States as a world leader in the digital asset economy,” said Fox Business.

Trump’s order establishes the presidential working group in digital assets markets, which will develop a federal regulatory framework for Digital assetsIncluding stables, and evaluate the creation of a strategic national digital asset stock. It will be chaired by the White House Ai and Crypto Czar and will include the Secretary of the Treasury and the President of the Securities and Exchanges Commission (Sec), as well as other relevant heads of the Department and Agency.

In addition, the executive order prohibits the agencies establishing, issuing or promoting digital coins of the Central Bank and addresses to other federal agencies and departments to provide the group Recommendations on the regulations of digital assets that must be terminated or to terminate modify. It also revives the framework of executive orders of digital assets of the Biden administration for international participation in the industry.

“President Trump will help the United States at the center of digital financial technology by stopping aggressive application actions and a regulatory surface that have suffocated crypt innovation in previous administrations,” said the announcement of the White House.

Dry launch Crypto Task Force to create a regulatory clarity

President Donald Trump campaigned to promote the United States Crypt Industry. (Jabin Botsford / The Washington Post through Getty Images / Getty Images)

Executive order comes after Trump made known a Crypt approach to regulate the growing industry during its presidential campaign. He committed to a crypt conference that he attended last summer to turn the United States into the “crypt capital of the planet” and the “Bitcoin superpower in the world” if he is elected.

“This is a huge development for bitcoin and digital assets. We leave the four -year Biden administration for trying, you know, to close -to be effectively and expel the entire U.S. cryptocurrency ecosystem. So now they have it now A type of support.

The administration of former President Joe Biden, through the then President, Gary Gensler, carried out a repression regulating the digital asset industry to try to eliminate bad actors.

Gensler resigned From La Sec on the day of the inauguration and Trump appointed La Sec curator, Mark Uyeda, appointed Republican, as President of the Agency, while his candidate for new permanent president, Paul Atkins, is waiting for the Senate confirmation.

President Trump names Mark Uyeda SEC Chair performance

Uyeda’s first official action was to create a new crypt work group led by GOP curator Hester Peirce, often known as “Crypt Mother”.

The Working Group will encourage dialogue with industry agents to promote a kinder regulatory environment by focusing on clear regulatory lines, providing realistic paths in the registry, elaboration of sensitive outreach frames and in deploying resources. Execution.

It will also coordinate these activities with other federal agencies, including the Commodity Future Trade Commission, which is ready to play a greater role in crypt regulation.

Bitcoin prices increased slightly on Thursday before the news, before throwing slightly. The largest cryptocurrency for market value is kept north of $ 100,000. This year, prices have gained more than 10%.

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Edward Lawrence and Eleanor Tertrett of Fox Business contributed to this report.