President Donald Trump concluded his inaugural address without even once called Bitcoin (BTC) or crypto.
Meanwhile, Punchbowl News reported that a document sent by Republicans outlining the White House’s new priorities also makes no mention of digital assets and Bitcoin.
The document does not reflect Trump’s views on the crypto industry, such as creating a Bitcoin reserve to tackle inflation and promoting BTC mining in the country.
Additionally, there is no mention of creating policies through Executive Orders. Like recently reportedThe US president said he plans to designate crypto as a national priority, establish a crypto advisory council, direct agencies to review digital asset policies, pause or halt lawsuits against crypto companies, and to build a national Bitcoin supply.
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 Agreement, and implementing sweeping reforms of the federal bureaucracy.
While the document does not explicitly address cryptocurrencies, it highlights policies such as the “America First Trade Policy” and “strengthening consumer choice,” which could indirectly impact the technology sector, including digital assets.
Despite no mention of crypto, none of the 20 largest cryptocurrencies by market capitalization posted losses in the hour after Trump’s speech.
Nominations say something different
Leaving crypto out of two crucial political cases has enthusiasts wondering whether Trump will keep his promises.
Still, his nominations so far have been pro-crypto. The new chairman of the US Securities and Exchange Commission (SEC), Paul Atkins, is one known to be innovation-friendly figure who has also been co-chair of the Digital Chamber’s Token Alliance since 2017.
Furthermore, 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 chosen David Sacks, former PayPal COO and tech venture capitalist, for the role.
While the race for a new chairman of the Commodity Futures Trading Commission (CFTC) continues, reports have cited pro-crypto figures Summer Mersinger, a current CFTC commissioner, and Brian Quintenz, a16z crypto policy head and former CFTC commissioner, as “front-runner prospects” for the role.
Meanwhile, Caroline Pham, who also advocated for a comprehensive regulatory sandbox to promote the growth of crypto and tokenization in the US, was nominated as acting CFTC chair.
Further on-chain data revealed that the Trump family-backed money market World Liberty Financial bought $47 million worth of Bitcoin on January 20. Despite not mentioning crypto on his first day in office, President Donald Trump has taken steps that suggest a positive attitude toward this sector.
