The White House has announced a new initiative to support innovation in blockchain and digital assets while preserving economic freedom. The executive order signed by the President aims to foster growth in the digital asset sector, provide regulatory clarity, protect consumers, and address risks associated with Central Bank Digital Currencies (CBDCs). The initiative includes policies to promote responsible growth and innovation in digital assets and establishes a Working Group on Digital Asset Markets within the National Economic Council. The decree also prohibits any government agency from developing or implementing CBDCs. The use of the term "Bitcoin stock" in the statement has drawn attention and may indicate a desire to protect existing assets without requiring purchasing.



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