Trump's expected executive order is seen including the creation of a crypto taskforce involving industry insiders, among other things.

Once upon a time, when a crypto executive made headlines for a trip to Washington, it typically was because they were suiting up to give Congress their well-prepared testimony on the digital-asset industry.

U.S. state and local pension funds are looking at speculating on cryptocurrencies to solve their funding crisis.

Pension schemes for the states of Wisconsin and Michigan are among the top holders of US stock market funds devoted to crypto, while some pension fund managers in the UK and Australia have also made small allocations in recent months to bitcoin using funds or derivatives.

Over 1,000 hedge funds, pensions and other financial institutions are invested in Bitcoin directly or through exchange-traded products. Several U.S. state pension funds are adopting