Digital Currency Dropped from White House Priorities and Trump's Inaugural Address

President Donald Trump ended his inaugural speech without mentioning Bitcoin (BTC) or any cryptocurrency. Meanwhile, Punchbowl News reported that a document sent by the Republican Party outlining the new priorities of the White House also did not mention digital assets and Bitcoin. This document does not reflect Trump's views on the cryptocurrency industry, such as creating a Bitcoin reserve fund to address inflation and promote domestic BTC mining. In addition, no mention is made of creating policies through Executive Orders. As recently reported, the President of the United States has stated his intention to designate cryptocurrencies as a national priority, establish a cryptocurrency advisory board, direct agencies to consider digital asset policies, pause or halt lawsuits against cryptocurrency companies, and create a national Bitcoin reserve. Instead, Trump's priorities focused on border security, energy independence, government reform, and cultural issues. This included bold measures such as suspending refugee resettlement, withdrawing from the Paris Climate Agreement, and implementing comprehensive reforms to the federal bureaucracy. Although the document does not specifically mention cryptocurrencies, it emphasizes policies such as the "United States' preferential trade policy" and "empowering consumer choice", which may indirectly affect the technology sector, including digital assets. Although not mentioning cryptocurrencies, none of the top 20 cryptocurrencies by market capitalization reported losses after Trump's speech. Reverse the recommendation The removal of cryptocurrencies from two major political cases has raised questions among enthusiasts about whether Trump will fulfill his promise or not. However, to date, all of his nominations have supported cryptocurrencies. Paul Atkins, the new chairman of the US Securities and Exchange Commission (SEC), is a well-known advocate of innovation and also co-chair of the Digital Chamber of Commerce since 2017. In addition, the new US government has created its first role at the White House, the 'crypto czar', focusing on creating a regulatory framework for this industry. Trump has chosen David Sacks, former CEO of PayPal and technology venture investor, for this role. Although the race for the new Chairman position of the Commodity Futures Trading Commission (CFTC) is still ongoing, reports have named cryptocurrency advocates such as Summer Mersinger, current CFTC Commissioner, and Brian Quintenz, Chief Policy Officer of a16z Crypto and former CFTC Commissioner, as "strong candidates" for this position. Meanwhile, Caroline Pham, who also supports the comprehensive testing mechanism to promote the development of cryptocurrencies and encryption in the United States, has been nominated as Acting Chairman of the CFTC. Furthermore, data on the chain shows that the currency market company backed by the Trump family's World Liberty Financial purchased $47 million in Bitcoin on January 20. Although not mentioning cryptocurrencies right from the start on the first day in office, President Donald Trump has taken actions indicating a positive stance towards this industry. DYOR! #Write2Earn #Write & Earn $TRUMP {spot}(TRUMPUSDT)