#Trump100Days The First 100 Days of Trump and Crypto: What You Need to Know

In early 2017, when Donald Trump became president, cryptocurrencies (especially Bitcoin) were starting to receive more attention, but it was still not a major focus of the government.

Here's what was happening with crypto during Trump's early days:

1. It Wasn't a Priority Yet

In his first 100 days, Trump didn't say much publicly about Bitcoin or other cryptocurrencies. His team was more focused on immigration, taxes, and healthcare. So crypto went unnoticed for a while.

2. The Market Buzz Was Growing

Even though Trump wasn't talking about it, the crypto world was heating up. Bitcoin was worth around $1,000 in January 2017, and by the end of the year, it would skyrocket to nearly $20,000. Investors and tech people were starting to take it seriously.

3. The U.S. Government Was Watching Silently

Agencies like the SEC (Securities and Exchange Commission) and the CFTC (Commodity Futures Trading Commission) began warning people about crypto scams and unregulated trading. They weren't taking significant action yet, but they were paying attention.

4. Trump's Appointees Were Cautious

Some of Trump's appointees for key economic positions, like Treasury Secretary Steve Mnuchin, took a more cautious view on crypto. They were concerned about crime, money laundering, and lack of oversight, but those opinions developed further into his presidency.

Conclusion:

In Trump's first 100 days, crypto wasn't a headline topic, but behind the scenes, the industry was growing rapidly, and the government was starting to take notice. This set the stage for larger debates about crypto later in his term.