On his first day of office, President Donald Trump notably excluded cryptocurrency from his agenda, disappointing crypto advocates who anticipated proactive policies. Trump's executive actions did not address digital assets or the SEC's controversial rule 'SAB 121', a significant expectation among crypto supporters. Additionally, the long-awaited pardon for Ross Ulbricht, founder of the Silk Road marketplace, was absent. Bitcoin's price reflected this uncertainty, falling from a historic high of $109,000 to around $102,000, as market optimism dwindled in light of Trump's non-engagement with crypto issues. Instead, Trump focused on traditional political priorities, such as withdrawing from international accords and enforcing federal hiring freezes. Industry leaders criticized the lack of immediate action against Executive Order 14067, which many believe hindered positive developments in the crypto sector. This oversight has left the crypto community unsettled, as predictions for Trump's establishment of a strategic Bitcoin reserve diminished significantly. Trump's campaign had previously portrayed him as a champion for cryptocurrency, pledging to combat the perceived crackdown by the Democrats but failed to follow through on these promises.

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