Bitcoin, crypto retraces following omission from list of top priorities for President Trump's administration


  • Bitcoin saw a retracement after the Trump administration released a document to lawmakers noting immediate priorities.
  • The document fails to mention crypto or a Bitcoin strategic reserve, which were part of Trump's campaign promises.
  • Donald Trump appointed Caroline Pham and Mark Uyeda as the acting Chairs of the CFTC and SEC, respectively.

Bitcoin (BTC) dived over 2% on Monday as President Donald Trump's administration shared its most important priorities, which do not include crypto. The president also failed to mention crypto or Bitcoin during his inaugural speech. Meanwhile, Trump named Commissioner Caroline Pham and Commissioner Mark Uyeda as the acting Chair of the Commodities & Futures Trading Commission (CFTC) and Securities & Exchange Commission (SEC), respectively.

Crypto market retraces following exclusion of Bitcoin reserve from presidential priorities

Donald Trump's administrative team released a documented list of primary issues the president intends to address as he begins his second term in office, according to Punchbowl.

The document, titled "President Trump's America First Priorities," classifies three priority lists but does not include crypto regulations or a Bitcoin strategic reserve plan. Likewise, Trump omitted Bitcoin or cryptocurrencies during his inaugural speech at the Capitol Rotunda.

The news stirred declines in Bitcoin and several top altcoins. BTC dropped over 2% from its pre-inauguration all-time high of $109,000 to $103,735 at press time.

During his campaign, Trump made several promises around crypto, stating that he would make America the "crypto capital of the world" and ensure that the government never sells its Bitcoin.

Following his election victory, talks of a Bitcoin reserve saturated the crypto community with key figures, including Senator Cynthia Lummis, championing its move.

Additionally, reports that the president would allegedly sign several executive orders regarding Bitcoin and crypto regulations on his first day in office made the headlines. These regulatory changes include addressing the controversial SAB121 and the FIT21 bill. 

While the omission of crypto has affected short-term optimism, the regulatory landscape for crypto still looks green as Trump has been appointing pro-crypto individuals to head key government agencies.

On Monday, he appointed Republicans Caroline Pham as the acting Chair of the CFTC and Mark Uyeda as the acting SEC Chair.

Pham and Uyeda are popular for holding pro-crypto views and have been advocating for clear digital assets regulations.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Top 3 gainers Supra, Cosmos Hub, EOS: Supra leads recovery after Trump’s tariffs announcement

Top 3 gainers Supra, Cosmos Hub, EOS: Supra leads recovery after Trump’s tariffs announcement

Supra’s 25% surge on Friday calls attention to lesser-known cryptocurrencies as Bitcoin, Ethereum and XRP struggle. Cosmos Hub remains range-bound while bulls focus on a potential inverse head-and-shoulders pattern breakout.

More Cryptocurrencies News
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market

Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market

Bitcoin price remains under selling pressure around $82,000 on Friday after failing to close above key resistance earlier this week. Donald Trump’s tariff announcement on Wednesday swept $200 billion from total crypto market capitalization and triggered a wave of liquidations.

More Bitcoin News
Can Maker break $1,450 hurdle as whales launch buying spree?

Can Maker break $1,450 hurdle as whales launch buying spree?

Maker is back above $1,300 on Friday after extending its lower leg to $1,231 the previous day. MKR’s rebound has erased the drawdown that followed United States President Donald Trump’s ‘Liberaton Day’ tariffs on Wednesday, which targeted 100 countries.

More Maker News
Gold shines in Q1 while Bitcoin stumbles

Gold shines in Q1 while Bitcoin stumbles

Gold gains nearly 20%, reaching a peak of $3,167, while Bitcoin nosedives nearly 12%, reaching a low of $76,606, in Q1 2025. In Q1, the World Gold ETF's net inflows totalled 155 tonnes, while the Bitcoin spot ETF showed a net inflow of near $1 billion.

More Bitcoin News
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market

Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market

Bitcoin (BTC) price remains under selling pressure and trades near $84,000 when writing on Friday after a rejection from a key resistance level earlier this week.

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP