Crypto observers still hopeful on Trump despite silence on first day
On President Donald Trump's first day back in office, the crypto community expressed concern over the absence of crypto-related executive orders. Although Trump signed several executive orders on January 20, none pertained to crypto assets or policy. This silence contributed to a dip in crypto markets, with Bitcoin's value decreasing from an all-time high of $108,786 to $102,000. Nevertheless, some industry figures maintained optimism, citing Trump's weekend activities as evidence of his commitment to the crypto sector. Experts like Futures trader 'Satoshi Flipper' noted Trump's engagement with a new memecoin and substantial investments in altcoins. Other commentators, such as Reflexivity Research's Will Clemente, reassured that pro-crypto regulations are forthcoming. Additionally, legal expert Jake Chervinsky highlighted new crypto-friendly leadership in the SEC and CFTC, suggesting positive changes ahead. Circle CEO Jeremy Allaire also foresees active developments in crypto regulations. Overall, despite initial silence, many in the crypto community remain positive about Trump's future actions regarding crypto regulation.
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