Ahead of President Donald Trump’s inauguration, rumors swirled that the crypto industry would see an executive order related to cryptocurrency on the first day of Trump’s second term. This anticipation catapulted the price of bitcoin to $109,241 ahead of his swearing-in ceremony.

A new SEC cryptocurrency task force announced on Donald Trump's second day in office helped stoke some new investor enthusiasm for digital assets as the crypto world waited for other executive orders from the new president.