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 Donald Trump on Thursday signed an executive order on the cryptocurrency industry, in a long-awaited move that appears to meet some industry demands.