Trump appears to have completed his executive actions for his first day as president, with no mention of crypto in his inaugural address or in the slew of executive orders he signed
Donald Trump was sworn in as the 47th president of the United States on Jan. 20, delivering an inaugural address that made no mention of digital assets. Following the inauguration, the White House unveiled Trump’s “America First Priorities,” which similarly omitted any reference to crypto or Bitcoin. His initial batch of executive orders also lacked any focus on cryptocurrency. Meanwhile, the Trumps’ recently launched memecoins have seen double-digit percentage losses, and Bitcoin has declined after reaching a new all-time high on Jan. 20.
Trump seemingly wraps day 1 actions as crypto space holds hope for EO
Jan. 21, 4:50 am UTC: Trump appears to have wrapped up his executive actions for his first day back, with the president now scheduled to hit up three inaugural balls in Washington, DC this evening.
The White House is reportedly touting a “historic” first day in office, saying Trump has signed 42 executive orders, memoranda and proclamation actions — but so far none have addressed crypto.
FOX reporter Eleanor Terrett posted to X that crypto policy leaders are expecting an executive order banning a central bank digital currency and another creating a crypto council but added it’s “unclear when exactly those EOs may be signed.”
Bloomberg reported on Jan. 17 that those close to Trump said he would sign executive orders, possibly on his first day back, that would designate crypto as a national priority and create a crypto council.
The Washington Post on Jan. 13 reported that Trump was expected to sign day one executive orders covering crypto de-banking and repealing a bank accounting policy that requires banks holding crypto to list the digital assets as a liability.
Other crypto advocates are still hopeful the president will take action on a strategic Bitcoin reserve and either commute or pardon Silk Road founder Ross Ulbricht as he has promised to do.
The president, in the last hour, spoke at the Commander-In-Chief’s inaugural ball and has recently arrived at the second ball for the evening, The Liberty Ball. He will later attend the final event on the evening’s schedule, The Starlight Ball.
Meanwhile, Bitcoin has traded flat over the last 24 hours at $102,300 but has fallen nearly 6% from its $108,786 peak hit earlier on Jan. 20.
Source: Cointelegraph
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