I mean, he can say and do some reckless things sometimes, but he is not stupid. What would he have gained and what would he have lost by mentioning crypto in day 1 of his presidency? He's a businessman, after all. I just mentioned two days ago a couple of races going on right now globally, and crypto is not at the heart of any of them, even if it is very important to us. Those will be tackled first (at least mentioned), plus domestic issues, throwing some punching at the adversaries, etc.
So, to expect him to mention something about building a national bitcoin reserve or whatever in his first speech as a president, when he has so many things to deal with, is at least a bit delusional.
That doesn't mean there won't be one. The bet on Polymarket for having a US national bitcoin reserve in 2025 remains at 63%, with only a small drop since yesterday, while the 100-day dropped significantly. Seems like the market reacted correctly. There was no way to have this in 100 days... And these bets seem pretty accurate. Certainly more accurate than election polls, lol.
Now... crypto did get a few things, even if indirectly. We may like some of the "gifts" or not, but they are better than what we would have gotten from the Democrats, for sure.
First, we got to see Gensler go, and the executive order that signs in his acting replacement, Mark Uyeda, who has been a commissioner under Gensler and expressed the disapproval of the SEC's policies on crypto in recent years. Note that Uyeda was not among the first choices of Trump when he thought of someone to take over the SEC chair position. It later became one, as he probably got refused by others. Not many want to follow Gensler at the head of the SEC.
Another executive order signs in Andrew Ferguson, who is also a commissioner, as the FTC Chair. The FTC has sometimes fought the SEC for jurisdiction on certain crypto-related matters, and I suppose it will continue to have a role in this regard. As for Andrew Ferguson himself, he seems to come in as a supporter of free speech, one of the focuses of Trump too (stopping federal censorship). But we will see exactly how this goes...
I guess these have been the serious things.
We have the creation of the phantom DOGE department, led by Elon Musk. It is obvious Elon Musk has influence on Trump (at this time), but DOGE is probably a formalized joke that will have no direct impact, only through 3rd parties. The executive order creating DOGE has been attacked with a lawsuit minutes after being issued.
That was at least half-serious, because Elon Musk is real and maybe he may have some influence for a while. We will see...
But then we have the real jokes, but the ones that address a consistent segment of the crypto market, unfortunately: Trump-related "official" meme coins. Those who profited from them surely are very happy now, but it's the kind of distractions the Roman emperors gave their people through circus, when they wanted to please them or to get them off their backs.
There have also been some symbolic purchases of crypto by the Trump's family defi platform, World Liberty Financial. The amounts weren't small, the numbers were symbolic in the sense that they alluded to Trump becoming the 47th President of the US.
Now, the choice of coins is debatable, from different points of view (wBTC and TRX have been purchased most likely because JS invested heavily into WLFI). Of course, the most vocal are bitcoin maxis, who say no bitcoin have been purchased, and they are... (w)right. 😀
On the other side, with the nausea of seeing JS and his shitcoin in the spotlight once again, it's nice to see they buy other things than BTC, too, as much as bitcoin maxis may not like this.
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I didn't knew there was a symbolic message behind these purchases tbh. I think half of them are a good choice lol.
Definitely a crypto president USA has now, how will he really participate/contribute to the space may become clearer in the coming months but it's safe to say that he will influence to a certain extent market sentiment and price movements, I think.
It's my impression that of the crypto stuff mainly his son(s) is/are in charge, at least where their family businesses are concerned. We will see to what extent he will get involved and on what aspects.
It's tough to know why but there were a lot of things he talked about despite being told not to. So I think the crypto situation just wasn't important enough to him to mention. We can only hope that the new administration is better for crypto.
I don't think someone told him not to talk about crypto. He simply chose not to. After all, from what I understood, he had an inauguration speech about twice as lengthy as it's customary anyway.
The way Trump talked about crypto in the first place, people were saying that crypto will be talked about in the first speech, but it was not done. That will be good news.
I don't have a problem that Trump didn't mention crypto during the inauguration day. It's more important to have a favorable or neutral administration so that crypto development continues without always worrying about what will the government do next to hurt this industry.