In a recent document sent to legislators, the Donald Trump administration has neglected to identify cryptocurrency as a top priority.
As the pro-crypto President assumes office, Donald Trump’s administration has immediately established its primary objectives. Intriguingly, the document sent to Republican lawmakers does not mention crypto as a high priority.
Donald Trump’s administration does not mention cryptocurrency as a top priority
In a recent document sent to Republican legislators, the Trump administration neglected to identify crypto as a top priority, as evidenced by a Punchbowl News report.
This has surprised the crypto community, as the pro-crypto President had made crypto promises before his election victory in November of last year.
This encompasses his pledge to establish a Strategic Bitcoin Reserve upon his assumption of office. Additionally, Trump had pledged to release Ross Ulbricht, the originator of Silk Road, on his inaugural day in office. In the interim, there was also the expectation that the President, who was pro-crypto, would promptly resolve concerns related to Operation Chokepoint.
Donald Trump also neglected to address cryptocurrency in his inaugural address as President, which took place at the Capitol Rotunda today.
This development has prompted apprehension among crypto investors, who were previously optimistic about the market due to Trump’s intention to implement pro-crypto policies upon his inauguration promptly.
The President, who is pro-crypto, intended to prioritize crypto as a national priority beginning today. Additionally, there was a report that the Trump administration would authorize banks to engage in cryptocurrency trading.