Upon taking office, President Trump announced a list of immediate priorities among Republican lawmakers; This document does not mention cryptocurrencies.
Despite the appointment of several financial watchdogs who favor the industry, the crypto community is still worried whether the President is a trustworthy friend.
Trump Did Not Mention Cryptocurrencies During His Inauguration Ceremony
In the months leading up to the election and inauguration, the crypto community saw President Trump as its best friend for sensible regulation. Trump officially endorsed the industry at a conference in Nashville in July and made many promises.
Many of the most influential figures in the cryptocurrency sector have praised his impact.
“President Trump’s focus on crypto as a national priority is encouraging people to more effectively articulate their views and create plans that will allow crypto to grow in ways that new and exciting ways our industry has never seen before,” said Chainlink co-founder Sergey Nazarov in an exclusive interview with TinTucBitcoin.
However, a recent development seems to have dampened these political hopes. Before the inauguration, Trump circulated one document among allied lawmakers discussing his top priorities.
Despite mentioning a number of economic issues, Trump did not say a single word about the cryptocurrency industry.
People are overreacting! I just listened to Trump’s inauguration speech. He didn’t mention cryptocurrency, but why now? None of you remember that a historic amount of pro-crypto members of Congress were just elected. On top of that is a pro-crypto SEC and a crypto czar. I don’t understand why people are panicking,” write Famous influencer Borovik
This major crypto industry blunder came as a huge surprise, especially since Trump had released Meme Coin coin on his own Solana platform. He even organized a black-tie “Crypto Ball” event, bringing together many leading figures.
Notable crypto leaders, such as the CEO of Crypto.com, appeared at the inauguration. However, his real priorities seem to include issues like border immigration and “climate extremism,” but nothing about regulation in the cryptocurrency industry.
Regardless, some of Trump’s top priorities could benefit sectors of the cryptocurrency industry. He has a spin-off called “Make America Affordable and Energy-Dominant Again,” with policies that could help the energy-intensive electric utility sector.
However, he also pledged to cut wind-powered electricity, a vital source for some mining companies.
Ultimately, Trump still delivered some concrete wins for the crypto community, especially when it came to appointing friendlier financial supervisors. However, this refusal made the community worry whether he would continue this investment.
