First Executive Order of Trump: No Mention of Crypto, But Supporters Remain Optimistic

The newly inaugurated US President Donald Trump has begun his term with a series of executive orders addressing various issues, but the cryptocurrency world is still awaiting any mention of Bitcoin or other cryptocurrencies. Despite this absence, prominent voices in the cryptocurrency community have expressed optimism about future actions from the government. Crypto supporters are waiting for the President's action. David Bailey, CEO of Bitcoin Magazine and a key figure in shaping Trump's views on Bitcoin, took to social media to reassure the cryptocurrency community. In a tweet, Bailey declared: "Our orders are also about to be issued. Tonight I have verified that actions related to cryptocurrencies are included in the first 200 executive orders. Good news is coming..." This statement has raised speculation about what the Trump administration might be preparing for digital assets, with supporters predicting significant policy developments in the near future. The Main Executive Orders are Signed on the First Day While measures on cryptocurrency are still being delayed, Trump's initial executive orders focus on some prominent issues: Parliament's amnesty order Trump has granted clemency to 1,500 supporters involved in the controversial incident at the 2021 Congress, signaling a move to address political grievances from his previous term. Withdraw from the Paris Climate Agreement The United States has officially withdrawn from the Paris Climate Agreement, citing concerns about the economic impact and a focus on domestic energy policies. Abolishing restrictions on oil drilling. Cancelling the restrictions imposed under the Biden administration, Trump emphasized energy independence by lifting restrictions on oil drilling. Extending the deadline for TikTok. The popular TikTok app has been extended for an additional 75 days to negotiate a deal with a US buyer, temporarily delaying the time for the parent company ByteDance to address US regulatory concerns. The cryptocurrency community is holding its breath The lack of action related to cryptocurrencies on Trump's first day did not dampen the enthusiasm in the cryptocurrency field. Bailey's comments suggest that Bitcoin and blockchain technology can play a prominent role in the government's broader economic strategy. With Bitcoin increasingly being adopted globally and the US government acknowledging the importance of digital assets, many people hope that upcoming regulatory orders will establish a supportive management environment for cryptocurrencies. What will be the future of cryptocurrency under the Trump era? While details are still unclear, industry leaders are speculating about potential developments, including: Clarify regulations and taxes on cryptocurrencies. Support blockchain technology innovation to boost economic growth. Explore the digital currency capabilities of the US central bank (CBDC). Currently, the cryptocurrency community will have to wait and see how the Trump administration integrates digital assets into its policy agenda. However, Bailey's assurance suggests that important announcements may be imminent. DYOR! #Write2Earn #Write&Earn $TRUMP {spot}(TRUMPUSDT)