The lack of crypto-related executive orders from President Donald Trump on his first day back in office has worried the crypto community. Still, many are hopeful that action is yet to come.

Trump signed a raft of executive orders on his first day in office on Jan. 20, but as of yet, none of them have addressed crypto assets or policy. 

The president, who courted the crypto industry in his campaign, hasn't mentioned Bitcoin (BTC $102,306) or digital assets in his speeches or statements, which has seen crypto markets dip on the day, with Bitcoin falling 6% from an all-time high of $108,786 to $102,000.

However, some industry commentators and investors were not overly concerned. 

“He has already fully expressed his dedication to crypto with his actions all weekend,” Futures trader “Satoshi Flipper” posted to their 225,000 X followers in a mention to Trump’s newly-launched memecoin.

“He’s fully locked in, buying hundreds of millions worth of altcoins, and people out here paranoid the top is in because Trump didn’t say ‘Bitcoin’ today,” they added.

Reflexivity Research co-founder Will Clemente wrote on X that online commentators were “freaking out because Trump didn’t do anything with regard to crypto on the first day he got sworn in.”

“We live in such a bubble. Pro-crypto regulations are coming,” he added.

Meanwhile, crypto lawyer and Blockchain Association board member Jake Chervinsky noted the new crypto-friendly acting chairs of the Securities and Exchange Commission and Commodity Futures Trading Commission, Mark Uyeda and Caroline Pham.

“For the first time ever, the SEC and CFTC are in the hands of leaders who oppose regulation by enforcement and support clear rules of the road for crypto,” he stated. 

Chart

Source: Jake Chervinsky

Asset management and monetary policy commentator “MacroScope” said that nobody should be surprised that Bitcoin wasn’t mentioned in Trump’s inaugural speech as it was “not an appropriate topic for that speech, to say the least.”

“There will be more than enough headlines about it in the coming days and weeks,” they said. 

Circle CEO Jeremy Allaire told Reuters at the World Economic Forum in Davos on Jan. 20 that he expects renewed activity from Congress on crypto regulations. “We expect Committee work to be very active, literally in the coming weeks,” he said. 

Allaire also called for a repeal of an SEC’s Staff Accounting Bulletin, called SAB 121, which prevents banks and financial institutions from holding crypto assets on their balance sheets. 

“I would hope that President Trump would take that action,” he said.


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.

Recommended content


Recommended Content

Editors’ Picks

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC consolidates while ETH and XRP show some strength

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC consolidates while ETH and XRP show some strength

Bitcoin (BTC) consolidated between $94,000 and $100,000 in the last nine days. Ethereum (ETH) and Ripple (XRP) prices stood relatively stronger and have gained nearly 3% and 7%, respectively, this week.

More Cryptocurrencies News
Trump's US reciprocal tariffs pause fails to improve Bitcoin and crypto market outlook

Trump's US reciprocal tariffs pause fails to improve Bitcoin and crypto market outlook

Bitcoin (BTC) and top cryptos halted their declines following a pause in President Donald Trump's reciprocal tariff plans, which were originally scheduled to go live on Thursday.

More Cryptocurrencies News
Ripple vs SEC battle nears end as the regulator acknowledges Grayscale XRP ETF filing

Ripple vs SEC battle nears end as the regulator acknowledges Grayscale XRP ETF filing

Ripple's XRP is up 4% in the early hours of Friday following the Securities and Exchange Commission (SEC) acknowledgment of Grayscale's 19b-4 filing to convert its XRP Trust to an ETF.

More Ripple News
200,000 New Investors Buy Ripple (XRP) 30-Days After Gensler’s Farewell: What Next for Stellar (XLM)?

200,000 New Investors Buy Ripple (XRP) 30-Days After Gensler’s Farewell: What Next for Stellar (XLM)?

Ripple (XRP) price consolidated around $2.40 on Thursday, up 11% since Monday, technical indicators suggest Stellar (XLM) has joined the rally.

More Ripple News
Bitcoin: BTC consolidates before a big move

Bitcoin: BTC consolidates before a big move

Bitcoin's (BTC) price has been consolidating between $94,000 and $100,000 for the last ten days, and, when writing on Friday, it hovers around $97,000. Despite this consolidation, US Bitcoin spot Exchange Traded Funds (ETFs) data recorded a total net outflow of $650.80 million until Thursday, hinting signs of weakness among institutional investors.

Read full analysis
The Best Brokers of the Year

The Best Brokers of the Year

SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.

Read More

BTC

ETH

XRP