Earlier this week, bitcoin approached a record $110000 reached on the against the backdrop of Donald Trump's inauguration. However, quotes subsequently declined, reflecting investor frustration over the lack of mention of the cryptocurrency industry cryptocurrency industry in Trump's first executive orders. Nevertheless, it was later it became known that the U.S. Securities and Exchange Commission announced the the creation of a working group to develop a regulatory framework for digital assets. The move was the first significant initiative by the new administration to to reform crypto-market policy. Bitcoin quotes remain near an all-time high.