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 Donald Trump signed an executive action Thursday that satisfies two promises he made to the cryptocurrency world. The order created a presidential group to coordinate the establishment of clear regulation for the digital assets industry and prohibited the creation of central bank digital currencies (CBDCs).

President Donald Trump on Thursday signed an executive order on the cryptocurrency industry, in a long-awaited move that appears to meet some industry demands.