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.

Jeremy Allaire, the CEO of Circle, is hopeful that US President Donald Trump will soon make an executive order to make it easier for banks to engage in digital asset custody. In an interview at the Reuters Global Markets Forum at the World Economic Forum in Davos,

President Trump failed to keep his promise to implement a crypto 'executive order' on day one, omitting any mention of crypto or Bitcoin.

Circle CEO expects President Donald Trump to issue pro-crypto executive orders for easing regulations and accelerating adoption of crypto in US

"The executive order, as a whole, is mostly aspirational and symbolic. But the direction it points, I think, is quite bullish," a crypto market source told BI.

Bitcoin extended a retreat from a record high as traders awaited pro-crypto policy directions from Donald Trump following his inauguration as the 47th US president.

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