Trump's plans to create a more crypto-friendly government. He introduced a new task force. Here's what it could mean for crypto.

One of the former key White House Advisors under former President Biden shared some reactions to Trump’s new executive order on digital assets released last Thursday.

The executive order directs the government to propose a regulatory framework and explore the creation of a digital asset stockpile.

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.

WASHINGTON, DC - JANUARY 23: David Sacks, "AI and Crypto Czar", speaks to President Trump as he signs a series of executive orders in the Oval Office of the White House on January 23, 2025 in Washington, DC. (Photo by Anna Moneymaker/Getty Images)

"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.

President Trump issued an executive order entitled “Strengthening American Leadership in Digital Financial Technology,” establishing his Administration’s policy “to support the responsible growth and use of digital assets,

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.

Discover how Trump’s crypto-related orders drove $1.9B inflows into cryptocurrency investment funds last week.