The report comes amid rising expectations that Trump will announce an executive order supporting the creation of a strategic bitcoin reserve on his first day in office.

Trump, who was once skeptical of cryptocurrencies, embraced the industry in the lead-up to the November elections, raising hopes for easier regulation and widespread adoption of digital assets. On Friday, the cryptocurrency industry will hold the "Cryptocurrency Inaugural Ball" in support of Trump, hoping he will fulfill his promises after taking office on January 20. #BTC #CrytoNews