0
0
News

Trump Announces Creation of Crypto Working Group

Trump's latest executive order tasks czar David Sacks with creating a working group to tackle regulation.
0
0
Jan 23, 2025 • 1 min read

President Donald Trump has signed an executive order to create a cryptocurrency working group, a major step for regulation in the US around the crypto space.

What’s the Scoop?

  • Goal of the Group: The crypto working group looks to assist in crafting a regulatory framework for cryptocurrencies.
  • Regulatory Alignment: This move shows Trump's commitment to helping regulatory clarity for the crypto space
  • Members of the Group: The group will include representatives from key government agencies, such as the Treasury, SEC, and CFTC.

Bankless Take

Creating the crypto working group is a turning point for the crypto industry in the US. It will be interesting to see what crypto-related companies will be given a seat and how they will assist in putting together the regulatory framework for the crypto industry to truly flourish in the US. 

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

Are you sure you want
to log out?
You'll lose access to your Bankless account until you log back in again. Oh and also, we'll miss you too much! 😢
Cancel
Continue
Account Light mode Log Out