US President Donald Trump on Thursday ordered the creation of a Cryptocurrency Working Group, who proposed new digital asset rules and exploring the creation of a national cryptocurrency stockpile, which makes us overhale the crypto policy quickly Got good on the promise.

The much -awaited action also ordered that banking services be preserved for crypto companies, assuming industry claims, that American regulators have directed the lenders to cut off the crypto companies from banking services – some regulators refuse. The order also banned the construction of central bank digital currencies in the US that could compete with the current cryptocurrency.

In another major action published by the Crypto industry, the US Securities and Exchange Commission canceled late accounting guidance on Thursday, which made some listed companies very expensive to protect the crypto property from third party Was. The Crypto industry said that guidance had stopped adopting digital assets.

At the mark of the campaign, Trump promoted the crypto cache to be a “crypto president” and adopt digital assets. This is contrary to the former President who is contrary to the regulators of Biden, who filed sued the industry for exchanging more than dozens in a bid to protect Americans from fraud and money laundering They were provoking American laws. Companies deny the allegations.

Thursday’s order was pleased by the Crypto industry, which was insisting on sending a strong signal of support to the office of Trump for the new administration in the first few days.

Nathan McCalli, CEO and co-founder of Crypto Company Encourage Digital, said, “Today’s Crypto’s executive order is a maritime change in the American Digital Asset Policy.”

“By adopting a complete-government approach to Crypto, the administration is taking an important first step towards writing clear, consistent rules of the road.”

If applied by the concerned regulators, Trump’s order has the ability to push cryptocurrency into the mainstream, said regulatory and crypto experts. This follows Tuesday’s SEC announcement that it was creating a taskforce to overhall the crypto policy.

Bitcoin hit a new record of $ 109,071 on Monday on Monday amidst investor stimulation on the new crypto-friendly administration, although it was up to $ 103,000 till Thursday afternoon.

Republican President of Senate Banking Committee Senator Tim Scott said in a statement, “For a few days in his administration, President Trump is fulfilling his promises … to keep the United States a leader in digital assets innovation . “

The industry has argued over the years that the current American rules are unfair to cryptocurrency and have called the Congress and regulators to write new, when a crypto token is a safety, object or in another category.

The work group, which will include the chairs of the Treasury Secretary, SEC and Commodity Futures Trading Commission, along with other agency heads, according to the order, is tasked to develop a regulatory structure for digital assets. This includes stabelines, a type of cryptocurrency usually judged in US dollars.

The group has also been determined to “evaluate the potential construction and maintenance of the National Digital Promotion StockPile … possibly derived from the cryptocurrency seized by the federal government through its law enforcement efforts.”

The order did not provide much information about how such reserves would be established and analysts and legal experts have been divided on whether an Act of Congress will be necessary. Some people have argued that the reserve can be made through the exchanges stabilization funds of the US Treasury, which can be used to buy or sell foreign currencies, and also to keep bitcoins.

In December, Trump named Venture Capitalist and former PayPal, opening the new tab’s executive David Sachs as Crypto and Artificial Intelligence Caesar. He will preside over the group, the order said.