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Trump's crypto executive order could thwart Hong Kong's virtual-asset-hub ambitions

Hong Kong faces an uphill battle in maintaining an edge in the virtual-asset industry, experts say, as US president Donald Trump unveils digital asset-friendly policies aimed at making the US the "crypto capital of the planet". Trump on Friday signed a long-awaited executive order on developing America's digital-asset sector, with measures including creating a working group tasked with advising the White House on crypto regulations, and revoking previous orders that he said had "suppressed innov

EXPLAINER-How would a US bitcoin strategic reserve work?

President Donald Trump ordered the creation of a digital asset working group on Thursday which, among other things, would be tasked with exploring a U.S. cryptocurrency stockpile. He has directed the group, by July, to turn in a report addressing criteria for such a stockpile, potentially derived from cryptocurrencies seized by the federal government. Some market participants were disappointed Trump did not immediately begin accumulating a bitcoin strategic reserve.