Donald Trump officially began his second term as the 47th President of the United States on Monday, but the cryptocurrency market was "missing" from his initial priorities. This left the crypto community disappointed and prices $BTC plummeted.



No Mention of Crypto in Initial Actions


• In the inaugural speech and the list of priority actions "America First," there was no mention of Bitcoin, digital assets, or reversing the SEC's Regulation #SAB121 .


• Trump has also not granted clemency to Ross Ulbricht, the founder of the Silk Road darknet market, which the crypto community has long anticipated.



Crypto Market Sentiment Affected


• Before the inauguration, Bitcoin reached a historic peak of 109,000 USD, but quickly dropped to 102,000 USD after no supportive announcements from the new administration.


• Bitcoin has risen nearly 50% since the November election, thanks to expectations of Trump’s crypto-friendly policies.



Decisions Focused on Traditional Policies



Instead of crypto, Trump did:


• Withdraw the United States from the Paris Agreement and the World Health Organization (WHO).


• Freeze federal hiring.


• Abolish immigration policies related to scheduling at checkpoints.


• Call for federal employees to return to full-time in-person work.



Criticism from the Crypto Community


• Matthew Sigel, head of digital assets at VanEck, criticized the failure to reverse Biden's Executive Order 14067, which he claims led to "Chokepoint 2.0" - a campaign to tighten control over crypto companies.


• David Sacks, the "crypto czar" in the Trump administration, has been criticized for not prioritizing this.



Dull Expectations


• Predictions about establishing a strategic Bitcoin reserve in Trump's first 100 days have dropped to just 36%, according to Polymarket data.


• Previously, Trump had promised to:


• End the Democrats' "war on crypto."


• Protect the right to self-custody of digital assets.


• Make the United States a leading nation in digital assets.



The Future of Crypto Under Trump Administration



Although the first day saw no clear actions, there remains hope that Trump will fulfill campaign commitments, especially in supporting the crypto industry and developing policies to promote blockchain technology.



👉 The crypto community needs more time to see if the new administration will truly become the 'savior' as Trump promised. #anhbacong