Crypto Executives Rejoice as Trump Takes Office

By Lauren ThomasCryptocurrency executives exuded optimism as President Trump took the oath of office. Trump has pledged support for the digital-asset industry and is expected to promote widespread adoption of crypto."The backdrop is dramatic-more dramatic than the past few years. We're at the center of the conversation now," said Jeremy Allaire, chief executive officer of Circle Internet Financial, from the sidelines of the World Economic Forum in Davos. Circle issues the USDC stablecoin**,** which is pegged to the U.S. dollar. Allaire said he expects Trump to swiftly cull regulatory barriers for crypto that will lead to adoption by major banks and more dealmaking across the industry. "This all just went into turbodrive," Allaire said.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).