The crypto community is reacting as President Donald Trump fails to sign a single executive order on cryptocurrency on his first day in office.
President Donald Trump signed a series of executive orders on his first day in office, targeting immigration, energy and federal operations. However, the crypto industry was noticeably absent from the agenda.
For context, President Trump has focused on reversing key policies of the previous administration. His executive orders included immigration reforms, energy policy changes, and directives to restructure government operations, but crypto was largely ignored.
Trump’s omission of crypto sparks reactions
This omission surprised several supporters of the crypto community, especially after speculation that the sector could receive early attention from the new administration.
Before the inauguration, rumors swirled that Trump might take bold steps regarding cryptocurrency. Suggestions included declaring crypto a national priority, establishing a Bitcoin Reserveor forgive Silk Road founder Ross Ulbricht, Currently serving a life sentence.
However, it appears that none of these expectations came to fruition. On top of that, during his inaugural address, Trump did not address cryptocurrency, leaving some advocates concerned.
Notably, prominent FOX Business reporter Eleanor Terrett brought the recent development to public attention, highlighting the lack of crypto orders or pardons. “No day one executive orders on #crypto or industry-related pardons, then? » she said on X.
No first day decree on #crypto or industry-related pardons, then?
– Eleanor Terrett (@EleanorTerrett) January 21, 2025
In response, an enthusiast underlines significant financial contributions from the crypto industry, criticizing the lack of recognition.
Notably, in addition to donations to his campaign, Trump also received $10 million collectively from crypto companies Ripple, Circle, Coinbase, Robinhood And Kraken for his inauguration. Nate, a Bitcoin enthusiast, also expressed disappointment, accusing Trump of not having kept his promises.
Some remain hopeful
However, despite the lack of crypto-related executive orders on day one, some advocates remain optimistic. A supporter of XRP suggested that broader priorities could have taken precedence and urged patience, expressing optimism about future developments.
Interestingly, as concerns grew, Tesla CEO Elon Musk responded on X, reassuring the public that Ross Ulbricht would eventually get freedom.
Ross will also be released
– Elon Musk (@elonmusk) January 21, 2025
Crypto expert Max Brown drew attention to the fact that the Trump-inspired project Financing Global Freedom invested heavily in crypto on Inauguration Day, which could signal continued interest in the industry.
For context, WLFI bought $112.8 million worth of Bitcoin (BTC), Ethereum (ETH), Aave (AAVE), Chainlink (LINK), and others, to commemorate Trump’s inauguration. Citing this, Brown advised the community to remain patient, predicting massive developments. in front.
Trump did not sign a crypto framework
order on the first day but he bought
almost 200 million dollars worth of Bitcoin, $ETH, $LINK and other coins.Big things are coming. Patience.
– Max Brown (@MaxBrownBTC) January 21, 2025
Meanwhile, a Reuters report suggested that Circle CEO Jeremy Allaire is confident that President Trump would soon sign an executive order allowing banks to trade, hold, and offer crypto investments.
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