Trump has been increasingly vocal of his support for the crypto sector in recent months, but he made it specific at a recent event, pinpointing the state of Florida as the place where "a lot" of activity in the sector will be seen once he returns to power.

Former House Speaker Paul Ryan urged lawmakers to consider drawing up a regulatory framework for stablecoins, which he said could help the U.S. catch up with China's pace in adopting advanced financial technology.