The lack of any action on cryptocurrency regulations on the first day of Donald Trump’s return to the presidency caused concern in the crypto community. However, many investors and experts remain optimistic, hoping that actions are yet to come.
Trump, who took office yesterday, signed many executive orders, but these did not include a regulation involving crypto assets or policies.
Trump, who drew attention with his promises of support for the crypto industry during the campaign process, did not make any statements about Bitcoin or digital assets, causing the markets to decline. Bitcoin fell 6% to $102,000 from its all-time high of $108,786.
Asset management and monetary policy commentator ‘MacroScope’ said it was no surprise that Trump did not mention Bitcoin in his inaugural speech. ‘It’s not an appropriate topic for this speech,’ he said, adding that there will be a lot of headlines about Bitcoin in the coming days and weeks.
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