Cryptocurrency enthusiasts are expressing disappointment as President Donald Trump’s initial executive actions conspicuously omit any reference to digital assets. On his inauguration day, January 20, 2025, President Trump signed 26 executive orders, 12 memorandums, and four proclamations, addressing issues ranging from immigration to diversity programs.
Time, However, none of these actions touched upon the cryptocurrency sector, leaving the market uncertain.
Following the inauguration, Bitcoin experienced significant volatility. On January 20, it reached an all-time high of $109,071 but retracted to $102,546.13 by the next day.
Reuters Similarly, newly launched Trump-themed tokens suffered substantial losses; the Official Trump token plummeted 33% to $38, and the Melania Meme coin tumbled 60% to $4.66.
Many in the crypto community had anticipated President Trump, known for his market influence, would introduce policies favorable to digital currencies. The absence of mention has fueled speculation about the administration’s stance on cryptocurrency regulation. Some analysts suggest that the market downturn could be attributed to profit-taking and caution amid regulatory uncertainties.
As the administration’s agenda unfolds, the cryptocurrency industry remains in a state of anticipation, awaiting clear signals that could shape the sector’s future trajectory.
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