This new EO promotes the cryptocurrency industry through a variety of mechanisms, including by revoking President Biden's EO entitled "Ensuring Responsible Development of Digital Assets" and by establishing a new cryptocurrency working group chaired by David Sacks, which will, among other things, consider the potential creation and maintenance of a national digital asset stockpile. Much is still unclear about the cryptocurrency industry and blockchain technology, but there are serious downsides associated with both, from the environmental impacts of bitcoin mining, to the potential for cryptocurrency to be used to launder money, to the highly volatile and uncertain nature of cryptocurrency investments.