President Donald Trump has taken significant action to reinforce the United States’ leadership in cryptocurrency and blockchain technologies. On Thursday, he signed an executive order that introduces strategic changes in digital finance policies. However, this development led to only a limited movement within the cryptocurrency market.
What Experts Are Saying?
The executive order contains two key innovations. The first involves the establishment of a working group aimed at improving existing regulations and creating a comprehensive framework for the cryptocurrency market. This group is expected to present initial proposals within 60 days and a detailed strategy within 180 days.
The second innovation considers the potential creation of a national digital asset, or cryptocurrency reserve. However, this topic is still under research, leading to speculation in the market about the U.S. possibly establishing a Strategic Bitcoin Reserve.
Following the executive order, Bitcoin (BTC) 
$63,966 briefly touched the $106,000 level but quickly fell back to around $105,000. This movement signaled a 3% change, while Ethereum (ETH) 
$1,909 rose by 6%. Altcoins like Solana 
$74 (SOL) and XRP saw increases of 8% and 3%, respectively.
SEC Withdraws SAB 121
On the same day, the U.S. Securities and Exchange Commission (SEC) announced the withdrawal of an accounting guideline criticized for increasing financial burdens on cryptocurrency companies. SEC member Hester Peirce expressed her satisfaction with this decision, stating, “Goodbye SAB 121! This process wasn’t enjoyable.”
