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.

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.