Absence Of Trump Crypto Order Amps Industry Tension As He Fails To Mention It In Speech
The crypto industry is desperate to see crypto action from US President Donald Trump, now a few days into his new presidency, but there is still no confirmation from the White House with an executive order pending.
However, it’s not completely off Trump’s radar, as he mentioned the crypto industry to him Thursday’s address at the World Economic Forumsaying that an increase in domestic oil and gas production will ensure US manufacturing dominance and make it “the global capital of artificial intelligence and crypto.”
However, he spent more time talking about US AI promises and never mentioned digital assets again.
The sector will likely be watching closely at 2:30 pm Eastern on Thursday, when Trump is again scheduled to sign executive orders. The White House has already issued a wide range of such orders. Although they do not carry the weight of law, such directives can guide the priorities of the federal government.
Trump is also scheduled to speak with crypto-friendly El Salvador President Nayib Bukele at 3:30 p.m., news that sparked another rally on the price of Bitcoin.
In another corner of the federal government, the Senate Banking Committee established the first subcommittee on digital assets on Thursday, with Wyoming Republican Cynthia Lummis running it alongside other crypto-friendly lawmakers. And the Securities and Exchange Commission, chaired by Republican Mark Uyeda, announced a crypto task force this week.
