Although Trump has been relatively quiet on crypto on day one of his presidency, the bitcoin community is watching closely.

Donald Trump took office as the 47th U.S. president on Monday, delivering an inaugural address that excluded any mention of digital assets. His first-day executive actions also omitted cryptocurrency policies despite earlier reports suggesting he might prioritize crypto with measures like establishing a crypto council or addressing crypto de-banking.

Circle CEO Jeremy Allaire expects U.S. executive orders "imminently" from President Donald Trump, which he said could allow banks to trade crypto, offer crypto investments to wealthy clients and hold it in portfolios.