Cryptocurrency enthusiasts are eagerly waiting for action from President-elect Donald Trump, but his silence on the sector has left the community disappointed.
Trump signed over 100 executive orders on his first day, but none addressed crypto, creating uncertainty in the market.
This absence of acknowledgment has added to the recent market turbulence. Bitcoin’s price has become increasingly volatile, while tokens like Solana and TrumpCoin have suffered notable dips over the past two days.
Solana (SOL) dropped to $231 in the last 24 hours but has since rebounded and is now trading around $253. Meanwhile, TrumpCoin (TRUMP) dipped to a low of $31 in the last 24 hours, but it is now trading around $41.
Many in the crypto community had hoped that Trump, known for his strong influence on markets, might make a statement or introduce a supportive policy that could give cryptocurrencies a boost.
Instead, the lack of any mention of crypto in his speeches or actions has fueled speculation. Some believe it might still find a place in his agenda, while others worry about potential regulatory headwinds under his leadership.
For now, the industry remains in a state of uncertainty, with many eagerly awaiting a definitive signal from Trump that could shape the sector’s future.
However, the Department of Government Efficiency (D.O.G.E.), led by Elon Musk, is tackling bureaucracy and cutting public waste—a key promise from his 2024 campaign.
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