The crypto industry is desperate to see crypto action from US President Donald Trump, now days into his new presidency, but there has yet to be any confirmation from the White House that an executive order is in waiting.
It’s not entirely off Trump’s radar, as he mentioned the crypto industry in his speech Thursday at the World Economic Forum, saying an increase in domestic oil and gas production will ensure dominance of the American manufacturing and will make it “the artificial intelligence and crypto capital of the world.”
Yet he spent far more of his speech talking about AI commitments and stopped short of mentioning digital assets.
The industry will likely be watching closely at 2:30 p.m. Eastern on Thursday, when Trump is expected to sign executive orders again. The White House has already issued a wide range of such orders. Although they do not carry the weight of law, these directives can guide the federal government’s priorities.
Trump is also scheduled to speak with friendly El Salvador President Nayib Bukele at 3:30 p.m., News which sparked another rally over Bitcoin’s price.
In other corners of the federal government, the Senate Banking Committee created its first digital assets subcommittee on Thursday, with Republican Cynthia Lummis of Wyoming leading it alongside other crypto lawmakers. And the Securities and Exchange Commission, newly led by Republican Mark Uyeda, announced a crypto task force this week.