Trump orders formation of working group to evaluate crypto stockpile

President Donald Trump on Thursday ordered the formation of a working group to propose federal regulations for “digital assets” — including cryptocurrencies, digital tokens, and stablecoins — and evaluate a national crypto stockpile.

Ex-PayPal COO and founder of VC firm Craft Ventures David Sacks, Trump’s pick for crypto and AI “czar”, will lead the working group. The group will also include the Treasury secretary, the attorney general, the secretary of Commerce, and other top officials.