The congressional speech by Trump has ended, and there was no information related to cryptocurrency, which is a good thing. No more turmoil in the crypto space, with daily rollercoaster rides!
Trump still started by boasting about America First and making America great again! He praised Musk and the significant reduction in border crossings, while also mocking the incompetence of the Democratic Biden administration!
Main policies: The reciprocal tariffs will take effect on April 2; hopes to abolish the chip act to reduce debt; reiterates the extraction of oil and other measures to curb inflation; tax cuts in the automotive and shipbuilding sectors, hoping for industrial resurgence;
What Trump mainly did were measures to reduce debt and debt interest. Musk is focused on debt, while Trump and the Treasury are focused on lowering interest rates, using various means to control inflation, weaken the dollar, and pressure the Federal Reserve to lower interest rates;
The cryptocurrency policies are likely to be discussed at the crypto summit on the morning of the 8th. Market attention is primarily on the participating projects, which likely include ondo, link, ada, sol, avax, sui, move, xrp, aave, etc., all of which are core projects in the U.S. space and deserve special attention!