🌎 Trump’s Crypto Silence Sparks Concern

As Donald Trump returned to the White House as the 47th President of the United States, his inaugural address left the crypto community feeling puzzled. Despite promising a “golden age” for America, Trump’s speech failed to mention cryptocurrencies or Bitcoin, sparking concerns about the industry’s future under his administration.

A “Golden Age” without Crypto

Trump’s speech focused on unity, economic strength, and border control, addressing hot-button issues such as inflation, immigration, and energy production. However, the absence of crypto from the speech raised eyebrows, especially given the Trump family’s recent involvement in the crypto space.

Just days before the inauguration, Donald Trump announced his own meme coin, “Official Trump,” followed by Melania Trump’s “Official Melania Meme.” Both tokens generated significant hype, attracting millions of traders and retaining hefty market caps in the billions.

A Day of Action, but Not for Crypto

Trump’s first day in office was marked by a flurry of executive orders, overturning policies from the previous administration. However, crypto did not make the cut, leaving the industry feeling disappointed and uncertain about its future.

Despite the initial disappointment, industry experts and leaders have expressed optimism about the potential for crypto-friendly policies under Trump’s administration. Eleanor Terrett, a journalist for Fox Business, hinted at big moves on the horizon, including the possibility of executive orders banning central bank digital currencies (CBDCs) and establishing a formal crypto council.

Glimmers of Optimism Amid the Silence

As the crypto industry grapples with uncertainty, a notable announcement from Donald Trump Jr. caught attention. Just hours after his father’s inauguration, Trump Jr. unveiled a series of strategic investments made by World Liberty Financial (WLFI), a DeFi project launched by the Trump family in 2024.

The allocations included $47 million each in Ethereum and wrapped Bitcoin, alongside $4.7 million each in Aave, Chainlink, TRON, and Ethena, totaling over $120 million.

Good Days Ahead?

While the crypto industry awaits clarity on key issues, experts urge patience. Richard Galvin, co-founder of hedge fund DACM, noted that “it’s premature to draw strong conclusions from the absence of an immediate executive order,” reflecting the administration’s wide range of competing priorities.

Industry leaders like Jeremy Allaire, CEO of Circle, and CZ, founder of Binance, have also expressed optimism about the potential for crypto-friendly policies under Trump’s administration.

As the crypto market continues to evolve, Bitcoin’s recent performance has fueled anticipation. Maintaining support above $100,000 is crucial for continued upward momentum, according to analysts like Michaël van de Poppe.

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