Despite not mentioning Bitcoin or cryptocurrency in his first speech as president, experts believe that the Trump administration will soon prioritize cryptocurrency. The speech focused on unity, economic strength, and border control, but the absence of any mention of crypto was notable. However, the Trump family's recent involvement in the crypto space, such as the creation of the meme coins "Official Trump" and "Official Melania Meme," has sparked speculation about the administration's stance on crypto. Bitcoin reached a record high just before Trump's swearing-in ceremony but experienced a drop in price shortly after. Analysts attribute this drop to profit-taking by traders and market uncertainty due to Trump's silence on crypto. While Trump's first day in office did not address crypto, there are hints that executive orders banning central bank digital currencies (CBDCs) and establishing a crypto council may still be on the horizon. Industry pioneers have urged patience as progress may take time. The Trump family has made strategic investments in Ethereum, wrapped Bitcoin, and other cryptocurrencies, showing their belief in the future of crypto. There have also been changes in key regulatory positions, with a crypto advocate stepping in as the acting chair of the SEC and a former SEC official nominated for the permanent role of SEC chair. The CFTC may also have a significant role in overseeing crypto spot markets. Despite the uncertainty, experts remain optimistic and suggest that executive orders addressing regulatory frameworks or establishing a crypto council could boost market confidence. Bitcoin's recent price surge has further fueled anticipation, but analysts warn that maintaining support above $100,000 is crucial for continued upward momentum. The path for crypto under the Trump administration remains uncertain, but executive orders and market reactions will play crucial roles in shaping its future.



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