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Home Cryptocurrency Altcoins

rewrite this title Trump’s Speech: Big Promises, But Crypto Left in the Cold

Editor-In-Chief, BitDegree by Editor-In-Chief, BitDegree
January 20, 2025
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rewrite this content using a minimum of 1000 words and keep HTML tags

On January 20, Donald Trump was sworn in as the 47th President of the United States.

While his inaugural speech emphasized unity, economic challenges, and energy independence, it did not address cryptocurrency—a topic many expected him to prioritize.

The focus instead remained on tackling inflation, reforming immigration, securing borders, and increasing oil production.

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The absence of any mention of cryptocurrency surprised many in the industry, especially after Trump’s campaign suggested a more supportive stance toward digital assets.

Before taking office, Trump had promised to create a Strategic Bitcoin Reserve and release Ross Ulbricht, founder of Silk Road, on his first day. However, neither topic was mentioned in his first address, which raised doubts about whether these promises would be realized.

Additionally, a report by Republican lawmakers also omitted cryptocurrency as a priority. This document, shared by Punchbowl News, outlined legislative goals for the new administration but did not include any plans to address digital assets.

The lack of clear policies has had an impact on the cryptocurrency market. Bitcoin


BTC

$101,640.28

prices decreased during Trump’s speech, falling to $100,430 before recovering above $104,000.

Recently, Back-to-back memecoins, TRUMP and MELANIA, launched by Donald and Melania Trump led to accusations of greed and market manipulation. What did the crypto community say? Read the full story.

Aaron S. Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



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