Trump’s inaugural speech and priority documents omit crypto, but pro-crypto actions indicate underlying support.
Crypto Omitted from Key Moments in Trump’s Speech
President Donald Trump’s inaugural speech and a Republican priority document failed to mention Bitcoin or cryptocurrencies, raising questions among industry enthusiasts. The omission comes despite Trump’s previous statements about supporting crypto initiatives, such as a national Bitcoin reserve and fostering BTC mining.
Republican policy priorities, as outlined in a document from Punchbowl News, also ignored digital assets. Instead, the focus shifted to issues like border security, energy independence, and cultural reforms.
Pro-Crypto Moves Behind the Scenes
While crypto wasn’t front and center, Trump’s administration has signaled support through strategic appointments and proposed initiatives. Notably:
- Paul Atkins, a pro-innovation figure and former co-chairman of the Digital Chamber’s Token Alliance, was appointed as SEC chair.
- David Sacks, former PayPal COO, was named the White House “crypto czar,” tasked with developing a regulatory framework.
- Pro-crypto candidates Summer Mersinger and Brian Quintenz emerged as frontrunners for the next CFTC chair role.
- Caroline Pham, an advocate for crypto-friendly regulations, was nominated as acting CFTC chair.
Policy Implications for Crypto
Although specific policies weren’t outlined, Trump has committed to making crypto a national priority. Proposed actions include creating a crypto advisory council, pausing litigation against crypto firms, and establishing a national Bitcoin stockpile.
Bitcoin (@Bitcoin) Surges to $109,000 as Trump Signals Crypto Action Read More 👉 13desk.news/bitcoin-surges… #13Desk #DonaldTrump #Bitcoin
Interestingly, the Trump family-backed World Liberty Financial purchased $47 million in Bitcoin on January 20, indicating a bullish stance on the digital asset market.
Market Reaction
Despite the lack of crypto mentions in Trump’s speech, the top 20 cryptocurrencies by market cap remained stable, reflecting market confidence in the administration’s quiet backing of the sector.
A Balancing Act
While public-facing priorities excluded crypto, Trump’s appointments and quiet actions suggest continued support for the industry. These mixed signals leave stakeholders anticipating more concrete moves in the months ahead.
Disclaimer:
The information provided on 13Desk is for informational purposes only and should not be considered financial advice. We strongly recommend conducting your own research and consulting with a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies carries risks, and you should only invest what you can afford to lose. 13Desk is not responsible for any financial losses incurred from your investment activities.
