{"id":462102,"date":"2025-01-20T20:23:08","date_gmt":"2025-01-20T20:23:08","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=462102"},"modified":"2025-01-20T20:23:08","modified_gmt":"2025-01-20T20:23:08","slug":"crypto-omitted-from-white-house-priorities-and-trumps-inaugural-speech","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/crypto-omitted-from-white-house-priorities-and-trumps-inaugural-speech\/","title":{"rendered":"Crypto omitted from White House priorities and Trump\u2019s inaugural speech"},"content":{"rendered":"

President Donald Trump<\/a> closed his inaugural speech without\u00a0even once mentioning Bitcoin (BTC<\/a>) or crypto<\/span>.<\/span><\/p>\n

Meanwhile, Punchbowl News reported that a document sent by Republicans outlining the White House's new priorities also fails to mention digital assets and Bitcoin.\u00a0<\/span><\/p>\n

The document does not reflect Trump's views on the crypto industry, such as creating a Bitcoin reserve to tackle inflation and fostering BTC mining in the country.<\/span><\/p>\n

Additionally, it does not mention the creation of policies via Executive Orders. As recently<\/span> reported<\/a><\/strong>, the US President said he intends to designate crypto as a national priority, establish a crypto advisory council, direct agencies to review digital asset policies, pause or halt litigation against crypto companies, and create a national Bitcoin stockpile.<\/span><\/p>\n

Instead, Trump's priorities focus on border security, energy independence, government reform, and cultural issues. These include bold measures such as suspending refugee resettlement, withdrawing from the Paris Climate Accord, and enacting sweeping reforms to the federal bureaucracy.\u00a0<\/span><\/p>\n

While the document does not explicitly address crypto, it emphasizes policies like the \u201cAmerica First Trade Policy” and “empowering consumer choice,” which could indirectly impact the tech sector, including digital assets.<\/span><\/p>\n

Despite not mentioning crypto, none of the 20 largest crypto by market cap posted losses on the hour following Trump's speech.<\/span><\/p>\n

Nominations say otherwise<\/strong><\/h2>\n

Leaving crypto out of two crucial political instances leaves enthusiasts questioning if Trump is to keep up with his promises.<\/span><\/p>\n

Yet, his nominations have been pro-crypto so far. The new US Securities and Exchange Commission (SEC) chair, Paul Atkins<\/a>, is a<\/span> known innovation-friendly<\/a><\/strong> figure who has also been the co-chairman of the Digital Chamber's Token Alliance since 2017.<\/span><\/p>\n

Additionally, the new US administration created its first role in the White House, the “crypto czar,” which focuses on creating a regulatory framework for this industry. Trump<\/span> chose David Sacks<\/a>, former PayPal<\/a> COO and tech venture capitalist, for the role<\/a>.<\/span><\/p>\n

Although the race for a new Commodity Futures Trading Commission (CFTC) chair is still ongoing,<\/span> reports have cited<\/a><\/strong> pro-crypto figures Summer Mersinger, a current CFTC Commissioner, and Brian Quintenz, a16z crypto policy chief and former CFTC commissioner, as “odds-on front-runners” for the role.<\/span><\/p>\n

Meanwhile, Caroline Pham, who also advocated for a comprehensive regulatory sandbox to foster crypto and tokenization growth in the US, was nominated as acting CFTC chair.<\/span><\/p>\n

Furthermore, on-chain data <\/span>revealed<\/a><\/strong> that Trump family-backed money market World Liberty Financial bought $47 million worth of Bitcoin on Jan. 20.\u00a0<\/span>Despite not mentioning crypto upfront on his first day in office, President Donald Trump has been making moves suggesting a positive stance toward this industry.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

President Donald Trump closed his inaugural speech without\u00a0even once mentioning Bitcoin (BTC) or crypto. Meanwhile, Punchbowl News reported that a document sent by Republicans outlining the White House’s new priorities also fails to mention digital assets and Bitcoin.\u00a0 The document does not reflect Trump’s views on the crypto industry, such as creating a Bitcoin reserve […]<\/p>\n","protected":false},"author":1511,"featured_media":461609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,1,77968,77644],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nCrypto omitted from White House priorities and Trump\u2019s inaugural speech<\/title>\n<meta name=\"description\" content=\"Despite the lack of mentions, the US President has been making moves suggesting support for the crypto industry in the US.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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