Cryptocurrency advocates are grappling with disappointment after President-elect Donald Trump failed to address the sector in his flurry of executive orders on his first day in office. Despite signing over 100 orders, none mentioned crypto, leaving the industry in a state of uncertainty.
The omission has added to the turbulence in the cryptocurrency market. Bitcoin’s volatility continues to unsettle investors, while altcoins such as Solana (SOL) and TrumpCoin (TRUMP) have experienced notable price swings.
Solana saw a drop to $231 within the last 24 hours but managed a recovery, currently trading around $253. TrumpCoin faced similar struggles, falling to $31 before rebounding to $41.
Hopes were high among crypto enthusiasts that Trump, known for his market-shaping influence, might use his platform to announce supportive policies or signal favorable regulatory changes. Instead, his silence has fueled speculation and concern.
Some in the crypto community remain optimistic, believing the industry could still secure a spot on his agenda. Others, however, fear the potential for stricter regulations under his administration.
Meanwhile, the Department of Government Efficiency (D.O.G.E.), led by Elon Musk, is taking on the task of cutting bureaucratic inefficiencies, a key campaign promise from Trump’s 2024 run. While this initiative garners attention, the absence of clarity on crypto policies leaves the market awaiting a decisive move from the administration that could shape its future trajectory.
For now, the crypto world watches and waits, navigating a volatile landscape without clear guidance from the new leadership.
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