In addition, the SEC – under acting Chairperson Mark Uyeda – has announced the creation of a new crypto task force charged with the creation of comprehensive and clear regulatory framework for cryptoassets.

The executive order directs the government to propose a regulatory framework and explore the creation of a digital asset stockpile.

President Trump's Jan. 23 executive order creates a crypto task force to craft rules and study a national reserve or stockpile of digital assets.