EVERYTHING We Know About Trump's New Crypto Working Group

If you’re pro-crypto, you need to pay attention to this.

Trump’s first crypto executive order established the President’s Working Group for Digital Asset Markets — and this new think tank has the potential to elevate crypto to new heights, or sink it to new lows.

It’s up to all of us, as people who believe in the vision of crypto, to monitor this group and make sure it keeps crypto’s best interests at heart. 

How do we start? By rounding up everything we know so far.

What is the President’s Working Group on Digital Asset Markets?

The President's Group on Digital Asset Markets, created by a presidential order on January 23, 2025, is a team set up to look into and guide how digital currencies like Bitcoin and other fintech advancements are used in the US. 

This group is led by a special advisor for AI and Crypto and includes big shots from different government departments, such as the Treasury, Justice Department, and others money, law, and security authorities.

Their job is to check out the current rules around digital currencies and suggest any changes to make sure these rules help innovation, protect users, and maintain the strength of the US dollar. They're also exploring the idea of creating a governmental stockpile of digital assets.

Importantly, this group is working on setting up new guidelines for how digital currencies should be managed, making sure they're safe for people to use and that they don't mess with the country's financial stability. 

To do so, they'll be talking to experts and the public to get a wide range of opinions to help shape their recommendations.

New Crypto Goals in the US

The order gives the working group two main tasks: first, to work on making rules for how digital currencies, like stablecoins, are issued and used in the US.

Second, to think about starting a "national digital asset stockpile" using digital currencies that federal law enforcement has legally taken. 

While the first task aligns with what agency leaders were already thinking, the second task introduces a new idea: instead of just overseeing digital currencies, the government might also play a role in the digital currency market through assets it has seized.

We don’t know how exactly this will work just yet, but David Sacks has already presented many ideas on what a US Federal Bitcoin reserve would look like.

Who’s in President Trump’s Working Group?

The new working group, the President's Group on Digital Asset Markets, includes several high-ranking officials from across the U.S. government, specifically:

• The Special Advisor for AI and Crypto: Who is yet to officially be announced. 
• Treasury: Scott Bessent.
• The Attorney General: Pam Bondi.
• Commerce: Howard Lutnick.
• Homeland Security: Kristi Noem.
• Management and Budget: Matthew Vaeth.
• National Security Affairs: Michael Waltz.
• National Economic Policy: Kevin Hassett.
• Science and Technology: David Sacks.
• The Homeland Security Advisor: Stephen Miller.
• Securities and Exchange Commission: Mark Uyeda.
• Commodity Futures Trading Commission: Caroline Pham.

Additionally, the chair can invite heads of other executive departments and agencies or senior officials from the Executive Office of the President to attend meetings when needed.

The Special Advisor for AI and Crypto

If you’re here reading this, there’s probably one role you care about more than any other on this list: the Chair of the President's Group on Digital Asset Markets.

After all, they'll have the most significant role when it comes to how this working group will influence crypto policy in the US. 

Their key responsibilities include:

• Leading the group and setting its agenda.
• Coordinating the activities of the group.
• Facilitating collaboration among members.
• Liaising with other stakeholders.
• Reporting to the President.
• Overseeing the development of a federal regulatory framework for digital assets.

Essentially, the Chair's role is to lead and ensure the effective operation of the group in fulfilling its mandate to support the responsible growth and use of digital assets in the US.

MASSIVE News For Stablecoins

The Biden Admin released a report on stablecoins back in November of 2021. 

That report had three primary focuses:

1. Addressing risks to stablecoin users and guard against stablecoin runs.
2. Addressing  concerns about payment system risk.
3. Addressing  additional concerns about systemic risk and concentration of economic power.

It focused primarily on protecting users from risk and “containing” stablecoins, with no mention of becoming a leader in the emerging space. 

Contrast this with the stated goals of the Trump admin, who are focusing on:

“Promoting and protecting the sovereignty of the United States dollar, including through actions to promote the development and growth of lawful and legitimate dollar-backed stablecoins worldwide”

Trump’s Crypto Executive Order not only presents positive language for stablecoins and crypto, but also undoes Biden’s previous policy on stablecoins.

Where Do We Go From Here?

Trump’s New Working Group on Digital Asset Markets is an ideological step in the right direction for crypto and stablecoins, especially in contrast to the Biden administration’s policies on crypto.

But we still don’t know how, exactly, this think tank will work in practice. 

As people who truly believe in crypto, we all need to monitor this group and ensure they act in our interests. After all, it’s up to all of us to hold the people in charge of crypto regulation accountable.

The future is bright, but sometimes the candle requires us to provide the spark.