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Trump Skips Cryptocurrencies in Congress Speech: Says Big Banks Not a Priority! - Coin Bulletin
**Donald Trump's decision not to mention cryptocurrencies in his speech to Congress on Tuesday was curious.
Donald Trump, in his speech in Congress on Tuesday night, did not mention cryptocurrencies. This omission was considered a noteworthy deficiency in light of his recent statements about the crypto industry.
Trump's failure to mention crypto in his speech showed, according to investment bank TD Cowen's Washington Research Group, that the issue was not among his personal priorities. Group leader Jaret Seiberg said, "If it were a personal priority for Trump, it would definitely have been mentioned in the speech."
Seiberg, specifically found it interesting that Trump remained silent on the subject of crypto. After all, just a few days before, Trump had made statements about the cryptocurrency sector in both his rallies and on social media. Therefore, Seiberg argued that this absence is more meaningful than Trump not touching on other issues such as housing and banking.
According to Seiberg, this situation may have a political reason. Republicans in Congress are working to pass the stablecoin bill in the coming months with the support of Democrats. Trump's involvement in the process could complicate these efforts. Additionally, it is noted that Trump does not see crypto at the center of his general political agenda. Seiberg stated, "Trump highlights this issue when talking to crypto investors. However, it is not a personal priority for him."
It is noteworthy that Trump did not mention crypto in his speech, while the White House is preparing to host the first official Crypto Summit. It is claimed that important details about the US' plan to create a crypto reserve could be shared at the summit.