He also noted Treasury has 60 days to determine if legislation is required to operationalize any part of the order.
Treasury Secretary Scott Bessent emphasized the need to stop selling U.S. bitcoin holdings before exploring potential accumulation plans, speaking on CNBC's "Squawk Box" Friday.
"I am a big proponent of the US taking the worldwide lead in crypto," Bessent said. "The first step is to stop selling, and then we're going to put a plan in place from there. So we're having this Crypto Summit … this afternoon, and then we'll talk about the way forward."