According to BlockBeats, on March 7, top trader Eugene Ng Ah Sio expressed his views on recent developments regarding U.S. President Donald Trump's cryptocurrency policies. Ng Ah Sio indicated a bearish stance following a recent announcement, suggesting that Trump has achieved his pre-election goals. The executive order, he noted, marks the fulfillment of Trump's promises to pro-cryptocurrency voters.
Ng Ah Sio believes that Trump now lacks motivation to pursue aggressive pro-cryptocurrency policies. He pointed out that in a video of Trump signing the executive order, the President appeared to struggle to keep up with the proceedings and relied heavily on assistance from Sacks, nearly forgetting his initial commitment. This, according to Ng Ah Sio, demonstrates the low priority of cryptocurrency on Trump's agenda.
Ng Ah Sio does not anticipate any further positive news from the summit scheduled for tonight.