President Donald Trump’s return to the Oval Office on January 20 has raised concerns in the crypto community due to a lack of executive orders addressing cryptocurrency regulations. Despite his pro-crypto campaign stance, there have been no mentions of Bitcoin or digital assets in his speeches, causing market uncertainty.
Some in the industry express disappointment, while others believe it’s premature to be alarmed. Futures trader “Satoshi Flipper” downplays concerns, highlighting Trump’s rumoured investments in altcoins and the launch of a memecoin.
“He’s fully locked in, buying hundreds of millions worth of ALTS, and people out here paranoid the top is in because Trump didn’t say “Bitcoin” today. Ok, cool story. You sound crazy,”
he remarked.
Will Clemente, co-founder of Reflexivity Research, echoed this sentiment, noting the overreaction among crypto enthusiasts. Stating,
“CT freaking out because Trump didn’t do anything about crypto on the first day Trump got sworn in; we live in such a bubble. Pro crypto regs are coming,”
Adding to the optimism, Blockchain Association board member and crypto lawyer Jake Chervinsky pointed out the appointment of crypto-friendly acting chairs Mark Uyeda and Caroline Pham to the SEC and CFTC. He highlighted their opposition to enforcement-led regulation and support for clear crypto guidelines, suggesting this could lead to significant reforms.
For the first time ever, the SEC and CFTC are in the hands of leaders who oppose regulation by enforcement and support clear rules of the road for crypto ????
Congrats to Acting Chairs Mark Uyeda and Caroline Pham.
There’s no time to waste. Let’s get the USA on the right track!
— Jake Chervinsky (@jchervinsky) January 21, 2025
Meanwhile, industry insiders urged patience. MacroScope, a prominent asset management commentator, noted that crypto was an unlikely topic for Trump’s inaugural speech, adding,
“There will be more than enough headlines about it in the coming days and weeks.”
This initial silence contrasted with reports before his inauguration, suggesting that Trump’s administration intended to prioritize the cryptocurrency sector. A Bloomberg report indicated that Trump planned to issue an executive order designating cryptocurrency as a national priority, enhancing collaboration between the government and the crypto industry. The directive aimed to establish a Crypto Advisory Council, allowing industry leaders to influence federal digital asset policy.
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