The crypto business — from top executives to individual holders — likes to think that it provided the margin of victory in Donald Trump’s surprise victory in the November presidential election. Trump of course courted crypto for votes and money and promised a lighter regulatory touch than the enforcement crackdown imposed by the Securities and Exchange Commission chief Gary Gensler.

The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he's sworn in as president next week.

Donald Trump’s new SEC leadership is set to begin an overhaul of crypto regulations as early as next week, Reuters reported..

A so-called form 19b-4, required to be filed by the exchange that would list the fund, was submitted on Wednesday, shortly after an updated registration application known as an S-1 was filed by Canary, a new digital asset-focused investment firm. The SEC must sign off on both before an ETF can start trading.

Canary Funds’ litecoin ETF filings were recently amended, potentially indicating that the SEC is engaging with the filing.