During the presidency of the presidency in 2024, the Crypto industry gave generously to Donald Trump, lobbying himself to win. Now that their man is in the White House, they hope he delivers on his promise to make America the “world capital” of Cryptocurrency. If the events of this week are any indication, it appears he’s doing his best to make good on that promise.

On Thursday, Trump signed it another executive order That, while not clear on the details, lays the groundwork for a restop reserve—something Crypto Bros. has long demanded.

The order established a Federal working group dedicated to investigating “the creation of a strategic national digital asset.” Such a stockpile would mimic America Gold Bullon Reservethe idea that it could depreciate over time and provide a source of continued wealth for the government. The order also establishes that the working group will be led by the “White House Ai & Crypto Czar and include the Secretary of the Treasury, the Chairman of the Security and Exchange Commission and other relevant departments and agencies.” now, America’s Crypto Crypto Czar is David Saksa tech billionaire who is friends with Elon Musk and who, according to a contingent, one of the biggest assholes in Silicon Valley. Sacks are not pro-crypto, like Trump’s nomination for Chairman of Sec, Paul Atkins. Trump’s Nomination for Treasury Secretary, Scott Bessent, is small largely agnostic so far.

At the same time, the working group will be devoted to the development of a “Federal Regulatory Framework Warning Digital Asset.” If the wishes of the crypto industry are to be respected, it stands to reason that this regulatory framework will not include much regulation.

“President Trump will help make the United States the center of digital financial technology by stopping the aggressive development of Crypto that has not been under previous administrations under previous administrations,” the order said. of the executive continues. “President Trump’s policy vision marks an unprecedented step toward ushering in a new era for Digital financial technology; one in which President Trump’s administration will act toward ensuring changes, regulatory frameworks are clear, and economic freedom is protected.”

The Biden administration has largely introduced a wealth of regulations to deal with the ongoing financial situation and widespread scams in the cryptocurrency industry. Trump is now looking at any regulatory efforts “The growth of digital financial technology in America must remain unfettered by restrictive regulations or unnecessary government interference,” the order said.