EXCLUSIVE: Trump Does Not Establish Bitcoin Reserve, Crypto-Friendly Policies On Day 1—And Now?
President Donald Trump‘s omission of cryptocurrency in his inaugural address has raised doubts about the administration’s immediate commitment to crypto-friendly policies.
Speaking with Benzinga, experts caution this silence could signal uncertainty in the digital asset space, which was expecting clearer direction under Trump’s leadership.
What Happened: The cryptocurrency industry, riding high on anticipation of a pro-crypto presidency, was dealt a blow on Inauguration Day when Trump refrained from mentioning digital assets during his inaugural address.
The lack of acknowledgment has led to market volatility and raised concerns among industry leaders and investors about the administration’s commitment to fostering crypto innovation.
Bitcoin (CRYPTO: BTC), which had surged to $106,000 ahead of the event, dropped sharply to $101,000 during Trump’s speech before stabilizing at $103,000.
Altcoins also felt the impact, with Solana (CRYPTO: SOL) falling nearly 10% from its record high.
The Trump (CRYPTO: TRUMP) and Melania (CRYPTO: MELANIA) meme coins, launched in the days leading up to the inauguration, plummeted 30% and 46% respectively during the speech, though they recovered some losses by Monday evening.
According to CoinGlass data, Monday’s volatility led to over …
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