#DonaldTrump 's crypto quiet ignites controversy despite earlier support

Trump seems to support crypto throughout his campaign and administration. In July, he praised the business at a Nashville conference and launched a Solana meme currency. His “Crypto Ball” event drew industry executives including Crypto.com's CEO. These measures made Trump a crypto ally, raising prospects for helpful policy.

However, his inaugural address and immediate priorities statement did not include bitcoin. Instead, border security, economic issues, and “climate extremism” were prioritized. Given Trump's past statements, the lack of crypto references has raised anxiety.

Industry observers point to other occurrences as proof of Trump's favorability. Trump has nominated a pro-industry SEC leadership team and a “crypto czar” after a record number of pro-crypto Congressmen were elected. These moves reflect a wider crypto alignment, even if not officially stated in his inauguration program.

Energy policy changes in Trump's agenda may indirectly affect crypto. His promise to make the U.S. “energy-dominant” may boost energy-intensive mining. However, his plan to reduce wind energy—a vital power source for several mining operations—has generated concerns about its net impact.

Others consider the absence of unambiguous support a red flag. Trump's regulatory selections have helped the business, but his quiet on crypto policy casts doubt on his long-term support.

Many crypto leaders appreciate Trump's earlier efforts despite the uncertainties. Chainlink co-founder Sergey Nazarov welcomed Trump's crypto attention. “His leadership has helped push for clearer regulations and foster new adoption opportunities,” Nazarov said in an interview.

For now, the crypto sector will study Trump's activities to see whether his early backing becomes significant policy. While his lack of crypto legislation has prompted discussion, his past pro-crypto initiatives signal that his government may still support the industry.

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