Bulls hope the new initiative is a sign the president remains committed to the sector, after his first day in office left them feeling underwhelmed.

Bitcoin price pushed back above $106,000 as traders shook off their disappointment with President Trump’s choice to not issue a crypto-related executive order.

The Trump administration took its first step on Tuesday towards reducing regulatory barriers for the cryptocurrency industry. In a move eagerly awaited by digital asset enthusiasts, the Securities and Exchange Commission (SEC) announced that Acting Chair Mark Uyeda has launched a “crypto task force” to create a clear and comprehensive regulatory