News 
January 21, 2025 
4 min. 
Donald Trump inauguration as the 47th President of the United States has sparked significant discussions in the cryptocurrency community. While many expected immediate action or statements on digital assets, the absence of crypto-related executive orders on his first day has raised questions about the administration’s approach to the sector. Despite this, analysts and investors remain hopeful about the pro-crypto promises made during Trump’s campaign.
Crypto Community Reacts to Inauguration Day
On the day of his inauguration, President Trump signed several executive orders, none of which addressed cryptocurrency. This omission caused concern among some in the industry, leading to a drop in Bitcoin’s price from $108,786 to $102,000.
However, some voices in the crypto space see the silence as a strategic decision rather than a lack of interest. Pseudonymous X user Staoshi Flipper, addressing over 225,000 followers, stated, “Trump didn’t need to say anything today about crypto. Not one word. He has already fully expressed his dedication to crypto with his actions all weekend.”
New Leadership Brings Optimism
The recent appointments of Mark Uyeda and Caroline Pham as acting chairs of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have fueled optimism within the crypto community. Both are well-known advocates for transparent and fair regulation of digital assets, a stark departure from previous enforcement-heavy approaches.
Jake Chervinsky, a prominent cryptocurrency lawyer and Blockchain Association board member, expressed his enthusiasm for these appointments. In a post on X, he remarked, “For the first time ever, the SEC and CFTC are in the hands of leaders who oppose regulation by enforcement and support clear rules of the road for crypto.”
Mixed Reactions to Trump Crypto Silence
While some are optimistic, others remain skeptical. Critics argue that the lack of cryptocurrency mentions during Trump’s inauguration speech was deliberate. Asset management specialist and policy commentator “MacroScope” suggested that Bitcoin and digital assets may not have been considered “appropriate topics” for such an occasion.
Circle CEO Jeremy Allaire, speaking at the World Economic Forum in Davos, struck a more positive tone. He predicted swift legislative action on crypto regulation under Trump’s administration and urged Congress to address key issues, such as removing the SEC’s Staff Accounting Bulletin (SAB121), which limits banks from including cryptocurrencies on their balance sheets. Allaire expressed hope that “President Trump would take that action” to foster a more crypto-friendly environment.
A Turning Point in US Crypto Policy?
While President Trump’s inaugural day left some in the crypto world wanting more, the pro-crypto appointments and campaign promises signal potential for significant developments in the months ahead. Whether this optimism will translate into tangible results remains to be seen, but many agree that this administration could mark a pivotal moment for the cryptocurrency industry in the United States.
