The 47th president, Donald Trump, issued numerous presidential actions during his first 12 hours in office, including executive orders related to immigration and his "anti-woke" agenda. However, none of these actions were directly related to the cryptocurrency industry, despite Trump's previous support for the industry during his campaign and his interactions with industry figures. Some insiders expected Trump to fulfill his promise of commuting the sentence of Silk Road founder Ross Ulbricht, but this did not happen, although insiders suggest a pardon may still be imminent. Trump's recent launch of memecoins $TRUMP and $MELANIA has unsettled the crypto industry, with many concerned about the president's engagement in the speculative and manipulated space. The crypto industry is unsure of Trump's future actions and is on edge about the implications his decisions may have.



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