Trump’s ‘golden age’ begins without Bitcoin, but experts say big moves are coming
## Trump’s Second Term: A Crypto Rollercoaster?
Trump’s inauguration sparked both excitement and uncertainty in the crypto world. His family’s recent foray into meme coins (TRUMP and MELANIA) and Bitcoin’s record high before the event created hype, but Trump’s initial silence on crypto caused a market dip.
While Day One brought sweeping executive orders, crypto wasn’t a priority. However, whispers of upcoming executive orders abound. Reports suggest potential moves include banning CBDCs, establishing a crypto council, and easing banking restrictions on digital assets (repealing SAB 121). These rumors fuel optimism, echoed by figures like Jeremy Allaire (Circle CEO).
Adding to the intrigue, Donald Trump Jr. announced significant crypto investments by World Liberty Financial (WLFI), a family DeFi project. Simultaneously, key regulatory changes are underway: Gary Gensler’s departure from the SEC and the appointments of crypto-friendly acting chairs at the SEC and CFTC signal a potential shift in regulatory approach.
Despite the initial lack of direct action, experts advise patience. Bitcoin’s recent surge to a new all-time high reflects market anticipation. Whether Trump’s administration delivers on the rumored pro-crypto executive orders remains to be seen, but the potential impact on the market is undeniable. The coming weeks will be crucial in determining the future of crypto under Trump’s second term.
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