US President Donald Trump signed an executive order to advance the role of cryptocurrencies in the economy on Jan. 23.

The order explores creating a national digital asset stockpile, potentially composed of cryptocurrencies seized by federal authorities.

The US Marshals Service has historically auctioned assets like bitcoin and ether.

Trump has previously stated his administration would retain all federally held bitcoin.

The order also includes protections for blockchain developers and miners, allowing them to freely develop and deploy software. It affirms individuals’ rights to self-custody their digital assets through personal wallets, not centralized platforms.

Additionally, it promotes dollar-backed stablecoins to support the US dollar.