Financial executives at the Davos conference are more focused on Trump's cryptocurrency plans rather than the controversial memecoin he launched. Although Trump's memecoin has created billions of dollars in paper wealth, it has also faced criticism within the industry. The financial sector hopes that Trump can push for legislation that makes it easier for companies to enter the crypto asset space.

There’s Donald Trump the crypto champion, promising to unshackle an industry hit by a years-long regulatory crackdown. Then there’s Trump the memecoin, which created billions of dollars of instant paper wealth but earned sharp rebukes even from the industry that stands to gain perhaps the most from his presidency.Financial executives gathered in Davos this week are choosing to focus more on the former than the latter. Their hope is that Trump will push through legislation making it less onerous for their companies to push into cryptoassets, an effort industry giants from JPMorgan Chase & Co. to BlackRock Inc. have already begun.

The financial community is paying attention to Trump's cryptocurrency plan, hoping for legislative push.