Trump fails to mention crypto during inauguration, legislators leave out crypto from priorities

Despite expectations for pro-crypto policies, President Trump’s inaugural speech did not address cryptocurrency, falling short of some industry expectations. President Donald Trump inaugurated on Jan. 20 as the 47th President of the United States.. In his inaugural address, he emphasized themes of unity, strength, and fairness, focusing on key issues such as high inflation, immigration policies, border control, energy production, and oil. Trump made no mention of cryptocurrency, leaving the industry’s future regulatory landscape uncertain. This omission stands in contrast to the anticipation of a crypto-friendly administration. You might also like: Trump Family’s dual coin launch draws fire for conflicts of interest and cash grabs Republican lawmaker’s omit crypto A new document from Republican lawmakers also failed to mention cryptocurrency or digital assets. The document, released by Punchbowl news, evealed that crypto will not be an immediate legislative priority for the new Trump administration. The crypto market saw some volatility after this news — Bitcoin ( BTC ) took a sharp downturn and briefly reached $100,430. Much of the crypto market followed suit, dipping by 3-5% respectively. Weak hands selling their coins because Trump doesn't mention crypto on his investiture speech (duh). Meanwhile his team buys $btc during the event. Thanks for playing. — Saint Pump (@Saint_Pump) January 20, 2025 Currently, BTC has recovered to trade above $104,000, reflecting continued uncertainty and volatility in digital assets. As the new administration settles in, the crypto community awaits clarity on potential regulatory actions that could shape the future of the industry. You might also like: Binance Coin drops despite flipping Ethereum in key metric