Bitcoin price fell to $66,600 during Trump's speech and recovered to $68,500 after the speech ended
Summary of Trump's speech
- Fired Gary Gensler on his first day in office
- End of Operation Chokepoint 2.0
- Prevent the United States from selling any of the 213,000 BTC ($14.5 billion) the government confiscated from previous law enforcement actions. “It is my administration's policy to... retain 100% of the BTC that the United States government currently holds or acquires in the future, which is intended to create a national BTC reserve.
- Trump also reiterated promises he made in the past to commute Silk Road founder Ross Ulbricht's sentence and prevent the US government from continuing to develop CBDC. Trump also spoke positively about developing a framework for stablecoins in the United States and supporting the bitcoin mining industry.
Bitcoin price fell to $66,600 during Trump's speech and recovered to $68,500 after the speech ended
