😂 Trump’s executive order is aimed at fostering a supportive environment for the cryptocurrency industry in the U.S.

😂 The directive includes plans to explore the creation of a national digital asset stockpile, although it does not immediately establish one.

😂 Cryptocurrency participants will be protected from legal repercussions if their activities comply with the law.

😂 The order marks a notable federal policy shift, potentially beneficial for the crypto sector.

😂 A working group has been set up, led by advisor David Sacks, to assess digital asset initiatives and policies.

😂 The order explicitly prohibits any attempts to create a U.S. central bank digital currency during Trump's administration.
Following the announcement, the price of $BITCOIN fluctuated, briefly rising above $106,000 before settling lower.