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(Bloomberg) -- President Donald Trump signed executive actions related to cryptocurrency and artificial intelligence, moves that could bolster two nascent industries.Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8 RentersHoboken PATH Station Will Close for Almost a Month on Jan. 30The presid

Trump has signed an executive order to create a federal framework for digital assets and establish a crypto advisory council.

Despite watching Bitcoin's scorching run past $100,000 and the inauguration of Donald Trump, who has pledged to be a "crypto president" in the U.S., some of the world's largest investors said this week they still plan to stay on the sidelines. "I am not an advocate, nor a critic ... it is not what it was supposed to be, which was an alternative to banking," said Anne Walsh, chief investment officer at Guggenheim Partners, which is headquartered in New York and Chicago. "To me, what crypto really correlates to is Nasdaq - it's a risk-on appetite indicator to me," she told the Reuters Global Markets Forum on the sidelines of the World Economic Forum's annual meeting in Davos.

This story incorporates reporting fromInside Bitcoins and Inside Bitcoins.

SEC Commissioner Hester Peirce could not be a more perfect pick to lead the new Crypto Task Force

Across ETFs, spot and futures trade, bitcoin combined for $130 billion volume yesterday.

Trump spoke at length about AI but not crypto in World Economic Forum speech, but the president has an executive-order signing session scheduled.