President Donald Trump signed an executive order on Thursday that would possibly create a national digital asset stockpile for the first time along with promoting the advancement of cryptocurrencies.

President Trump signed an executive order establishing a crypto advisory group and exploring a national digital asset stockpile while prohibiting CBDCs and affirming crypto rights.

President Donald J. Trump signed an executive order establishing a working group on digital assets, directing the group to put forward legislative and regulatory proposals on the issue.

The order calls for the development of an AI action plan and sets up a process for revoking actions taken under President Biden’s previous AI executive order signed in October 2023.

US President Donald Trump has signed an executive order to form an internal working group on crypto aimed at making America the world capital in crypto. It also prohibited the establishment of central bank digital currencies.

President Donald Trump signed executive actions related to cryptocurrency and artificial intelligence, moves that could bolster two nascent industries. The president was joined by White House AI and crypto czar David Sacks, a venture capitalist and major political donor.

US President Donald Trump has signed an executive order to establish a working group on digital asset markets.

President Trump's Jan. 23 executive order creates a crypto task force to craft rules and study a national reserve or stockpile of digital assets.

"The executive order, as a whole, is mostly aspirational and symbolic. But the direction it points, I think, is quite bullish," a crypto market source told BI.