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Crypto executive order On day four, the much awaited cryptocurrency executive order finally appeared, much to the industry’s relief.15 However, the order was not what everyone had hoped. Many had dreamed it might institute the “strategic bitcoin reserve” that has been the topic of much discussion, leaving many bitcoiners with cartoon dollar signs in their eyes. Instead, the order does a few things: Revokes Biden’s Executive Order on cryptocurrencies, the Treasury’s “Framework for International Engagement on Digital Assets”, and any “policies, directives, and guidance” issued as a result that are deemed to conflict with this new executive order Establishes a Presidential Working Group on digital assets, to be chaired by Special Advisor for AI and Crypto David Sacks. This is a pretty huge working group, containing high-level officials including the Treasury Secretary, Attorney General, Commerce Secretary, SEC and CFTC Chairs, and six others, with others to be invited to meetings as deemed necessary. However, some are notably missing from the core group — any delegate from the Federal Reserve, for example. Directs the working group to, within 30 days, identify all “regulations, guidance documents, orders, or other items that affect the digital asset sector”. Within 60 days, they are to submit recommendations as to whether they ought to be rescinded, modified, or (for items other than regulations) adopted as regulations.