The absence of Trump’s demand for cryptocurrencies is adding to the tension in the industry as he fails to mention it in his speech

The cryptocurrency industry is desperate to see cryptocurrency action from US President Donald Trump, just days into his new presidency, but there has yet to be confirmation from the White House that an executive order is pending.

However, the matter is not completely off Trump’s radar, as he mentioned the cryptocurrency industry in his book Thursday’s speech to the World Economic ForumSaying that increased domestic oil and gas production will ensure US manufacturing dominance and make it the “global capital of artificial intelligence and cryptocurrencies.”

However, he spent most of the speech talking about US commitments to AI and did not mention digital assets again.

The sector will likely be closely watched at 2:30 PM EST on Thursday, when Trump is again scheduled to sign executive orders. The White House has already issued it A wide range of these commands. Although they do not carry the weight of law, such directives can guide the federal government’s priorities.

Trump is also scheduled to speak with El Salvador’s cryptocurrency-friendly President Nayib Bukele at 3:30 p.m., news that sparked another surge in Bitcoin’s price.

In other corners of the federal government, the Senate Banking Committee created its first digital assets subcommittee on Thursday, with Wyoming Republican Cynthia Lummis running it along with other pro-crypto lawmakers. The Securities and Exchange Commission, newly led by Republican Mark Ueda, announced the formation of a cryptocurrency task force this week.