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)

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.