Crypto Views Trump Order as Opening Fast Track to Friendly Rules

The digital-asset sector finally received a supportive executive action from President Donald Trump, ending an anxious wait and opening up the tantalizing prospect of rapid progress toward a friendly regulatory backdrop.

The order signed on Thursday creates a working group of key agencies to advise the White House on crypto policy and says the industry plays a “crucial role” in US innovation, economic development and international leadership.

The working group includes the Treasury and Justice Departments as well as the Securities & Exchange Commission and the Commodity Futures Trading Commission, among others. The sector had expected Trump to ...