U.S. President Donald Trump has signed an executive order to create a national digital asset stockpile and establish the Presidential Working Group on Digital Asset Markets. The working group, chaired by David Sacks, will evaluate the creation of the stockpile and develop a federal regulatory framework for digital assets. The order prohibits federal agencies from advancing Central Bank Digital Currency projects and revokes digital asset policies established under the previous administration. Ripple Labs has been accused of lobbying against establishing a Strategic Bitcoin Reserve, with claims that the company is prioritizing XRP over Bitcoin. Ripple Labs CEO Brad Garlinghouse disputed the claims. U.S. officials and industry stakeholders are considering the feasibility of a Strategic Bitcoin Reserve, and the SEC has officially withdrawn a crypto accounting rule. The decision aligns with the agency's evolving regulatory stance under new leadership.



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