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Key Takeaways Trump signed an executive order on digital assets, seeking recommendations on regulations and possibly setting up a digital stockpile.The SEC has already become more friendly to the crypto industry by rescinding SAB 121,

The Official Trump cryptocurrency's token price is climbing higher Tuesday. The recently launched meme coin was up 6.5% over the past 24 hours of trading in a day of bullish momentum for the broader market.

Truth Social owner Trump Media & Technology Group announced Wednesday it plans to expand into financial services and potentially buy bitcoin and other cryptocurrencies.

Trump Media says the president's company will expand into various investment products and areas of unregulated "decentralized finance," it announced Wednesday.

Trump Media & Technology Group's share value surged following the announcement it's expanding into financial services.