- 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
Editors’ Picks

How will BNB price react as Binance and Kraken delist USDT for EU countries?
On Monday, Binance officially discontinued spot trading pairs involving Tether’s USDT in the European Economic Area to align with the European Union’s Markets in Crypto-Assets Regulation.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bears target sub-$80,000 BTC, ETH 2-year lows, XRP yearly bottom
Bitcoin price is hovering around $83,000 on Friday after it failed to close above the $85,000 resistance level earlier this week.

Crypto stablecoin legislation advances, but Democrats say Trump’s USD1 raises red flags
The US Congress began reviewing a Crypto Stablecoin bill on Wednesday. This comes a week after Trump-backed WLFI announced the launch of its USD1 Stablecoin pegged 1:1 to the US dollar.

Solana extends decline amid upcoming $200 million unlocks
Solana declined 3% in Friday's early Asian session, impacted by an upcoming $200 million staked SOL unlock from four whale wallets, according to Arkham Intelligence.

Bitcoin: BTC remains calm before a storm
Bitcoin's price has been consolidating between $85,000 and $88,000 this week. A K33 report explains how the markets are relatively calm and shaping up for volatility as traders absorb the tariff announcements. PlanB’s S2F model shows that Bitcoin looks extremely undervalued compared to Gold and the housing market.

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.