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Trump signs an EO to create a crypto working group led by David Sacks to consider a national digital asset stockpile “potentially derived” from seized crypto

President Donald Trump signed an executive order on Thursday to promote the advancement of cryptocurrencies in the U.S

CNBC MacKenzie Sigalos

Discussion

  • @carnage4life Dare Obasanjo on bluesky
    Surprisingly, the national crypto reserve plan doesn't involve using taxpayer money to buy crypto but holding seized assets instead.  This won't help Bitcoin bag holders hoping to offload on Uncle Sam.  —  The real question is: will this plan hold, or will taxpayers end up footin…
  • @davidsacks David Sacks on x
    President Trump announced at Davos today that he will make the United States the “World Capital of Artificial Intelligence and Crypto.” [video]
  • @adamkovac Adam Kovacevich on x
    Credit where due: Trump is injecting common sense into crypto policy. The Gensler-Warren theory of trying to delegitimize crypto by refusing to issue rules was a flop. Next up: stablecoin and market structure legislation, which will need D support. (h/t @theinformation) [image]
  • @katie_haun Kathryn Haun on x
    White House EO protects access to the banking system, mining, validating, self-custody, institutional custody, stablecoin development, peer-to-peer transactions, open networks, and more. This is what innovation looks like. https://www.whitehouse.gov/...
  • @jason @jason on x
    So true... Sacks is doing it for his country! [video]
  • @chrisfralic Chris Fralic on x
    Very good. With the exception of his take that the $TRUMP coin is cool - I agree with everything.
  • @eleanorterrett Eleanor Terrett on x
    🚨NEW: @davidsacks tells @foxbusiness they have not made a decision to go forward with the digital asset stockpile yet. “Yeah, we're going to evaluate that. We have not decided to do it yet. We need to study that.”
  • @davidsacks David Sacks on x
    Today President Trump signed Executive Orders to make the U.S. the global leader in both Crypto and AI. I appeared on @FoxBusiness to discuss. [video]
  • @jason @jason on x
    I am excited about the Crypto EO today. Have complete faith that the space will have clear regulations, including: 1. a simple accreditation test all citizens can take in under one day — this solves 90% of issues. 2. What is the difference between a utility token and a stock,
  • @mdudas Mike Dudas on x
    nice, @davidsacks in charge of “developing a federal regulatory framework governing digital assets, including stablecoins, and evaluating the creation of a strategic national digital assets stockpile” higher with haste
  • @atrupar Aaron Rupar on x
    David Sacks is in the Oval Office as Trump signs pro-AI and pro-crypto executive orders [video]
  • @cdixon Chris Dixon on x
    Of note: “Protecting and promoting the ability of individual citizens and private-sector entities alike to access and use for lawful purposes open public blockchain networks without persecution, including the ability to develop and deploy software, to participate in mining and
  • @cdixon Chris Dixon on x
    Executive Order: Strengthening American Leadership in Digital Financial Technology “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
  • @jenniferjjacobs Jennifer Jacobs on x
    David Sacks in Oval with Trump today along with Sergio Gor, Dan Scavino, Margo Martin, Walt Nauta. [image]
  • r/MSTR r on reddit
    New Executive Order
  • r/Buttcoin r on reddit
    Trump signs order to create cryptocurrency working group
  • @thebluenami @thebluenami on bluesky
    right on cue for elon to now develop his grok AI without any constraints and having an insane data set he can pull from incl sensitive data not available to anyone else to train his models [embedded post]
  • @igraywill Ian G. Williams on bluesky
    Framing regulations, guardrails, & safety standards as nothing more than barriers to (technological) innovation is itself a highly ideological position that has its own social agenda #SWTech #DataJustice #AI [embedded post]
  • @frydawolff Fryda Wolff on bluesky
    Sure as if the current LLM and GenAIs weren't already white supremacist misogyny generators.  [embedded post]
  • @psychosort Brian Chau on x
    It tasks Presidential advisors such as Sacks to work with the OMB to cut red tape. [image]
  • @saranormous @saranormous on x
    4/ The Office of Management and Budget (OMB) will align funding guidelines to support the administration's goals, prioritizing economic competitiveness, national security, and human flourishing, and shifting away from “engineered social agendas”
  • @psychosort Brian Chau on x
    In 60 days, the OMB will revise two key memos about the conditions for government uses AI. These memos are key; Biden used them to pressure companies to comply with his EO. [image]
  • @psychosort Brian Chau on x
    What red tape? Well there's a lot left over from Biden's AI EO. Even though the EO is repealed, some of the agency rules it caused remain. This new Trump EO asks OMB to find and delete these remaining rules. [image]
  • @saranormous @saranormous on x
    2/ The order revokes prior regulations, including Executive Order 14110, that were seen as obstacles to broader AI development. A multi-agency task force has 180 days to deliver a national AI action plan focused on innovation, economic competitiveness, and security
  • @saranormous @saranormous on x
    3/ Federal agencies are directed to review and revise policies that hinder AI development
  • @saranormous @saranormous on x
    5/5 For AI startups this deregulation represents a fairer field of competition, potential public-private partnership on a critically important capability, and an opportunity to align with American defense and security priorities
  • @saranormous @saranormous on x
    1/ A new executive order prioritizes U.S. global dominance in AI by removing regulatory barriers and aligning policies to accelerate innovation 🧵 [image]
  • @mmblaszczyk Matt Blaszczyk on x
    Gov will identify actions taken pursuant to EO 14110 that are or may be inconsistent w/ policy of retaining AI leadership, promoting human flourishing, economic competitiveness, and nat sec, & as appropriate & consistent w law, suspend/revise/rescind. Implications for AI & IP?
  • @psychosort Brian Chau on x
    As the title suggests, this EO is a big leap in de-regulation. “We must develop AI systems that are free from ideological bias or engineered social agendas” [image]
  • @levie Aaron Levie on x
    We're in a global AI race and need to win. [image]
  • @drtechlash Nirit Weiss-Blatt, PhD on x
    @psychosort @DavidSacks A minor side note: It's definitely a good idea to spell check your EO before releasing it... (The missing “i” in “Artificial” hurts my eyes 🤓) [image]
  • @kevinbankston Kevin Bankston on x
    this would all be so funny if it wasn't so crazy
  • @jenniferjjacobs Jennifer Jacobs on x
    “I don't know if they do,” Trump says in Oval when @weijia asked about @ElonMusk's statement to @sama that the companies have less than $10b to start Stargate, not $100b as they say. “Elon doesn't like one of those people,” Trump says. “He hates one of the people in the deal.
  • @kevinbankston Kevin Bankston on x
    Seems the upshot is that rescinding the Biden EO wasn't enough, they also want all agencies to salt the earth and wipe out any traces of the work.
  • @kevinbankston Kevin Bankston on x
    New Trump AI exec order, haven't reviewed yet but expect I won't like it! https://www.whitehouse.gov/...
  • @psychosort Brian Chau on x
    Trump's AI Executive Order, led by @DavidSacks, is finally here. But what does it do? 🧵 [image]
  • r/EB2_NIW r on reddit
    Donald Trump signed a new presidential action titled “Removing Barriers to American Leadership in Artificial Intelligence”