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Crypto Left Out: President Donald Trump Fails to Prioritize Cryptocurrency in Policy Agenda
By Jeff Taylor 21. January 2025
Despite vocal support for cryptocurrencies during his presidential campaign, President Donald Trump has failed to include any mention of digital assets in the administration’s initial policy agenda. This shocking exclusion has sent shockwaves through the crypto community, sparking widespread disappointment and uncertainty.
Trump’s reluctance to prioritize cryptocurrency in his policy agenda is particularly perplexing given his prior promises to address regulatory challenges like Operation Chokepoint and establish a Strategic Bitcoin Reserve. The absence of any reference to these issues in the administration’s document has left many investors and enthusiasts reeling.
The crypto market has responded accordingly, with the price of Bitcoin plummeting by 0.72% over the past day, while trading at $101,811.21 as of this writing. Despite its dip, Bitcoin remains a key player in the cryptocurrency landscape, serving as a store of value and hedge against traditional markets.
In related news, World Liberty Financial (WLFI), an organization with ties to the Trump family, has made significant moves within the crypto space. The entity recently launched a $0.0551 presale, which has surpassed $10 million in funding. Furthermore, SEI stock has hit an all-time high of $32.95.
It remains to be seen how this unexpected development will affect the trajectory of cryptocurrency adoption and investment in the coming weeks and months. One thing is certain, however: the crypto community will be closely monitoring any future developments and holding its breath for a more comprehensive treatment of digital assets within the administration’s policy agenda.
Jeff Taylor is an experienced crypto journalist with a Ph.D. in Biochemistry, whose primary mission is to educate everyone about the potential of Bitcoin and blockchain technology. His fascination with cryptocurrencies began during his tenure as a former trader when he recognized the advantages of decentralized money over traditional payment systems and central bank-issued digital currencies.
Contact: [email protected]
Source: http://www.crypto-news-flash.com
