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

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).