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HomeCrypto NewsMarketPresident Donald Trump Signs No Crypto Executive Orders on Day 1

President Donald Trump Signs No Crypto Executive Orders on Day 1

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The crypto community reacts as President Donald Trump fails to sign a single executive order on cryptocurrency on his first day in office.

President Donald Trump signed a flurry of executive orders on his first day in office, targeting immigration, energy, and federal operations. However, the crypto industry was conspicuously absent from the agenda. 

For context, President Trump focused on reversing key policies from the previous administration. His executive orders included immigration reforms, energy policy changes, and directives to restructure government operations, but crypto was largely ignored.

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Trump’s Omission of Crypto Sparks Reactions

This omission surprised several proponents in the crypto community, especially after speculation that the sector might receive early attention from the new administration.    

Before the inauguration, rumors circulated that Trump might take bold steps regarding cryptocurrency. Suggestions included declaring crypto a national priority, establishing a Bitcoin reserve, or pardoning Silk Road founder Ross Ulbricht, currently serving a life sentence. 

However, it appears none of these expectations materialized. In addition to this, during his inaugural speech, Trump did not address cryptocurrency, leaving some advocates concerned.  

Notably, prominent FOX Business journalist Eleanor Terrett called the public’s attention to the recent development, noting the lack of crypto orders or pardons. “No Day 1 executive orders on #crypto or industry-related pardons, then?” she said on X.

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In response, one enthusiast pointed out the sizable financial contributions from the crypto industry, criticizing the absence of acknowledgment. 

Notably, In addition to donations to his campaign, Trump also received $10 million collectively from crypto firms Ripple, Circle, Coinbase, Robinhood and Kraken for his inauguration. Nate, a Bitcoin enthusiast, also expressed disappointment, accusing Trump of breaking promises.

Some Remain Hopeful 

However, despite the absence of crypto-related executive orders on day 1, some proponents remain optimistic. An XRP proponent suggested that larger priorities might have taken precedence and urged patience, expressing optimism for future developments. 

Interestingly, as the concerns mounted, Tesla CEO Elon Musk responded on X, reassuring the public that Ross Ulbricht would eventually gain freedom.  

Crypto pundit Max Brown called attention to the fact that the Trump-inspired project World Liberty Finance invested heavily in crypto on the inauguration day, which could signal continued interest in the industry. 

For context, WLFI purchased $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 ahead.  

Meanwhile, a Reuters report suggested that Circle CEO Jeremy Allaire is confident President Trump would soon sign an executive order enabling banks to trade, hold, and offer crypto investments. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Sam Wisdom Raphael
Sam Wisdom Raphael
Sam Wisdom Raphael is a seasoned crypto news writer and journalist with 5 years of experience covering blockchain, DeFi, and crypto developments. Sam's active presence in the crypto community complements his deep understanding of the crypto space, allowing him to craft comprehensible price analysis reports and tackle technical blockchain concepts.

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