President Donald Trump concluded his inaugural speech without once mentioning Bitcoin (BTC) or cryptocurrency.
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.
The document does not reflect Trump’s previously stated views on the crypto industry, such as creating a Bitcoin reserve to combat inflation and fostering BTC mining within the United States.
Additionally, it omits references to the development of policies via Executive Orders. As recently reported, the US President expressed his intention 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.
Instead, Trump’s priorities center on border security, energy independence, government reform, and cultural issues. These include significant measures such as suspending refugee resettlement, withdrawing from the Paris Climate Accord, and enacting sweeping federal bureaucracy reforms.
While the document does not explicitly address crypto, it emphasizes policies such as the “America First Trade Policy” and “empowering consumer choice,” which could indirectly influence the technology sector, including digital assets.
Despite the absence of any mention of crypto, none of the 20 largest cryptocurrencies by market cap recorded losses in the hour following Trump’s speech.
Nominations Say Otherwise
Leaving crypto out of two major political moments has raised questions among enthusiasts about Trump’s commitment to his promises.
However, his nominations have shown a pro-crypto inclination so far. The new US Securities and Exchange Commission (SEC) chair, Paul Atkins, is recognized as an innovation-friendly leader and has served as co-chairman of the Digital Chamber’s Token Alliance since 2017.
Additionally, the new US administration introduced its first White House role focused on cryptocurrency—the “crypto czar.” Trump appointed David Sacks, former PayPal COO and tech venture capitalist, to this position to craft a regulatory framework for the industry.
Although the race for the new Commodity Futures Trading Commission (CFTC) chair is ongoing, reports suggest that pro-crypto candidates Summer Mersinger, a current CFTC Commissioner, and Brian Quintenz, a16z crypto policy chief and former CFTC commissioner, are top contenders for the role.
Furthermore, Caroline Pham, who has advocated for a comprehensive regulatory sandbox to support crypto and tokenization growth in the US, was nominated as acting CFTC chair.
Meanwhile, on-chain data revealed that Trump family-backed financial entity World Liberty Financial purchased $47 million worth of Bitcoin on Jan. 20. Despite not highlighting crypto in his inaugural speech, President Donald Trump’s actions suggest a favorable stance toward the industry.
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