Establishing the Digital Asset Working Group

President Trump’s executive order led to the creation of the President’s Working Group on Digital Asset Markets within the National Economic Council.

This group is responsible for reviewing existing regulations and proposing clearer guidelines for the digital asset sector.

Quigley shared his views on the impact of these developments, “The Trump executive order has created and get an omnibus crypto regulatory framework in the United States. And if that happens, I see all the other major countries in the world moving in a similar direction.”

“To me, [the executive order] seems quite fast because there is so much to consider here, but I think before the Trump term ends, individuals will have ability to use stablecoins much more freely than they do now.,” said Quigley.

The working group is tasked with crafting a federal regulatory framework specifically for digital assets like stablecoins, which will involve detailed considerations on how these assets are issued and operated within the U.S.

The crypto industry awaits the Working Group’s report, due within 180 days, anticipating targeted legislative proposals that could redefine the regulatory environment and enhance market stability.