President Donald Trump took another step toward his promise to make the U.S. the “crypto capital of the planet” on Thursday, signing an executive order aimed at promoting the domestic cryptocurrency sector and exploring the possibility of a new national digital asset stockpile.

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