During 2024’s presidential election, the crypto industry gave generously to Donald Trump, lobbying hard for him to win. Now that their guy is in the White House, they’re hoping he will deliver on his promise to make America the “world capital” of cryptocurrency.

President Donald Trump took another step toward his promise to make the U.S. the “crypto capital of the planet” on Thursday, signing an executive order aimed at promoting the domestic cryptocurrency sector and exploring the possibility of a new national digital asset stockpile.

"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.

Trump's Executive Order promotes digital asset rights, bans CBDCs, and sets up a Bitcoin Strategic Reserve, boosting Bitcoin's potential value. Read my BTC thesis.

The S&P 500 ( ^GSPC) jumped over 0.5% to secure its first all-time closing high of 2025. The Dow Jones Industrial Average ( ^DJI) popped around 0.9%, while the Nasdaq Composite ( ^IXIC) recovered from earlier session losses to finish the day up about 0.2%.

GE Aerospace posts strong Q3 results, announces $7B stock buyback; shares soar. American Airlines expects a significant Q4 loss; EA cuts 2025 net bookings guidance.

Alaska Air Group ( ALK) shares climbed when the airline also topped profit and sales forecasts after it completed its acquisition of Hawaiian Airlines. While Alaska Air advanced, shares of American Airlines ( AAL) plunged as the carrier predicted its first-quarter loss would be more than expected and warned of higher costs.

US stocks closed up, with the S&P 500 notching a record for the 2nd day. Trump called for lower rates and oil prices in remarks to world leaders.

Wall Street was mixed in premarket trading on Thursday as major U.S. airlines stumbled and health insurance companies soared

U.S. stocks are drifting around a record amid a relatively quiet day on Wall Street. The S&P 500 rose 0.2% Thursday and was on track to squeak past its all-time

As you know, I am a bear on crypto. At this point, I think we are close to the top or perhaps may have even seen it. At the extreme end of my positive expectations, I am a minor bull with $120,000 ...

President Trump kept his promise to crypto investors, but the absence of the term “strategic Bitcoin reserve” from the executive order seems to be working against Bitcoin price.