President Trump’s recent list of legislative priorities did not include cryptocurrency, raising concerns among crypto advocates. Despite his previous support for the industry, this omission has led to uncertainty about his commitment to crypto policies.
During his campaign, Trump showed enthusiasm for the crypto community. He endorsed the industry at a conference in Nashville and even created a Solana-based meme coin. Additionally, he hosted a “Crypto Ball” event that attracted key industry figures, positioning himself as a supporter of crypto.
However, his inaugural speech focused on issues like border security and economic challenges, with no mention of cryptocurrency. This has caused unease among crypto supporters, especially given Trump’s earlier pro-crypto rhetoric.
Some industry members remain hopeful, citing the election of many pro-crypto Congress members and Trump’s appointment of supportive regulators, including a “crypto czar” and a pro-industry SEC leadership. These actions suggest a potential alignment with crypto interests, even if not explicitly stated in his inaugural agenda.
Trump’s energy policy changes could also affect the crypto sector. His goal to make the U.S. “energy-dominant” might benefit energy-intensive mining operations. However, his plan to reduce wind energy, a vital power source for some mining, raises questions about the overall impact of his policies.
The crypto community is divided on the significance of Trump’s omission. Some, like influencer Borovik, believe concerns are exaggerated, arguing that the presence of pro-crypto regulators means there’s no need to panic. Others view the lack of explicit support as a warning sign, questioning Trump’s long-term commitment to the industry.
Despite the uncertainty, many crypto leaders continue to appreciate Trump’s past efforts. Chainlink co-founder Sergey Nazarov noted that Trump’s leadership has encouraged clearer regulations and new opportunities for adoption.
The crypto industry will closely monitor Trump’s actions to see if his previous support translates into effective policies. While the omission from his priorities has sparked debate, his earlier pro-crypto initiatives suggest he may still be an ally for the sector.
