#Trump100Days
Crypto and Trump’s First 100 Days: What Was Happening Behind the Scenes
When Donald Trump entered the White House in early 2017, the spotlight wasn’t on cryptocurrency just yet — but the groundwork for its future relevance was quietly taking shape.
1. Crypto Wasn’t on the Agenda
During Trump’s first few months in office, he and his administration focused on major issues like immigration policy, tax reform, and health care.#Trump100Days Bitcoin and other crypto currencies didn’t get much attention from the White House at that time.
2. The Crypto Market Was Heating Up
While Washington stayed quiet, the crypto space was buzzing. Bitcoin started the year at around $1,000 and by December, it skyrocketed to nearly $20,000. The surge drew growing interest from investors and tech insiders alike.
3. Regulators Were Keeping Tabs
Even if crypto wasn’t on Trump’s radar, U.S. financial watchdogs were beginning to take notice. Agencies such as the SEC and CFTC began issuing warnings about unregulated crypto activities and potential fraud. They were observing closely, even if they weren’t taking major action yet.
4. Trump’s Economic Team Played It Safe
Some of Trump’s key economic appointees Treasury Secretary Steve Mnuchin would later adopt a cautious stance on crypto, expressing concerns about its use in illegal activities and its lack of oversight. These views emerged more clearly as Trump’s presidency progressed.
The Takeaway:
Though cryptocurrency wasn’t a priority during Trump’s first 100 days, the industry itself was gaining momentum. Government agencies began monitoring the space more seriously, laying the foundation for the policy discussions and regulatory debates that would come later.
