Donald Trump STABS Crypto In The Back ALREADY!

Summary of Trump's Inauguration and Crypto Developments

Trump's Inauguration Speech

• No mention of cryptocurrency or freeing Ross Ulbricht
• Focus on making America safe, energy dominant, and affordable
• Mention of space exploration and renaming the Gulf of Mexico to Gulf of America

Crypto Developments

• Trump's administration buys $47 million in Bitcoin and over $100 million in Ethereum
• The purchases were made through World Liberty Financial, Trump's DeFi crypto company
• Trump's team is staking $15 million plus of Ethereum
• Launch of new Trump-themed meme coins on the Solana network, with a market cap of $10 billion

Regulatory Updates

• Gary Gensler resigns as SEC chair, replaced by Paul Atkins, who is more pro-crypto
• Donald Trump's pick for U.S. Treasury Secretary owns Bitcoin and is excited about the president's embrace of crypto

Market and Community Reaction

• Bitcoin price remains in consolidation
• The Bitcoin community feels burned by Trump's lack of mention of crypto in his inauguration speech
• Senator Cynthia Loomis continues to work towards a strategic Bitcoin reserve, undeterred by the lack of mention in Trump's speech