The wheels are already beginning to turn on Donald Trump’s plan to make the US into the “crypto capital of the planet” following his return to the White House.
In an executive order signed Thursday, Trump established a “working group on digital asset markets,” which will be responsible for weighing the possibility of the US forming a “strategic national digital asset stockpile,” among other things.
The promise to establish a stockpile was one of numerous commitments made by Trump to the crypto industry before he was reelected. Though the idea stumped economists, it received a rapturous reception among bitcoiners. As rumors of an impending announcement spread Thursday, the price of bitcoin climbed to $105,000 per coin, just short of the record high.
The order also requires the working group—which will comprise the leaders of various government branches, financial…
