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Best of the Week: It’s All Happening!

It was a big week for crypto following the inauguration of Donald Trump to a second term Monday. The White House issued an executive order on digital assets , calling for a friendly approach to crypto across the administration and the creation of a "digital asset stockpile" (which may, or may not be, a Bitcoin Strategic Reserve). Regulatory editors Nik De and Jesse Hamilton were all over the news, as usual. The SEC withdrew a controversial crypto accounting rule , started a crypto taskforce headed by Hester Peirce (aka “Crypto Mom”), and named crypto-friendly Commissioner Mark Uyeda as acting chair. Senator Cynthia Lummis, arguably crypto`s most loyal friend in Congress, was named to head the Senate Banking Committee`s new digital assets panel , Hamilton also reported. We dissected the fallout from the (very) controversial memecoins dropped by the Trump family on the eve of Monday’s swearing in. CoinDesk’s Shaurya Malwa reported that 60 Solana Whales made off with at least $10 million each (many others gained a lot less). Reporting from Tom Carreras on Monday showed that the paper wealth generated by these surprise tokens was, frankly, staggering, even absurd. Still the memecoins were a great success, encouraging filings for memecoin ETFs , Helene Braun reported. Helene also broke the story about how CME leaked information about XRP and SOL futures ETFs by mistake , which sank those tokens and weighed on the broader market . Ross Ulbricht, who created Silk Road about 12 years ago, educating thousands on bitcoin for the first time, went free after serving ten years in prison. His freedom was a key promise of the Trump team on crypto. Sam Reynolds had the news. And the news kept on coming. In fact, it was hard to remember a week when more stuff of importance happened in crypto. Amid it all, the Ethereum community hotly debated its future (particularly that of the Ethereum Foundation ). Parikshit Mishra and Sam Kessler followed the story. Stay tuned for more big stuff happening next week. CoinDesk

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Trump Signs Executive Order Aiming to Support ‘Responsible Growth’ of the Crypto Industry

President Donald Trump has signed an executive order to support the “responsible growth” of the digital assets industry. According to a new memo released by the White House, Trump signed an executive order yesterday promoting the use of blockchains for individuals and entities. Other aspects of the order include protecting US citizens from the risks of Central Bank Digital Currencies (CBDCs) by barring them, promoting fair and open access to banking services for all, and defending the rights of those who choose to self-custody their assets. “The digital asset industry plays a crucial role in innovation and economic development in the United States, as well as our Nation’s international leadership. It is therefore the policy of my Administration to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy.” The order also establishes a Working Group – made up of people in key roles such as the Secretary of the Treasury, the Attorney General, and the Homeland Security Advisor – that would consider creating a crypto stockpile out of the digital assets legally frozen by the Federal Government. “The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.” Trump’s order also establishes protections for miners, saying that they could freely engage in developing, mining, and validating. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trump Signs Executive Order Aiming to Support ‘Responsible Growth’ of the Crypto Industry appeared first on The Daily Hodl . CoinDesk