#Trump's Inauguration Speech Makes No Mention of Encryption#
Hot Topic Overview
Overview
On the eve of Trump's inauguration, the meme coins $TRUMP and $MELANIA, released by his family, sparked a frenzy in the cryptosphere, with Solana DEX's daily trading volume reaching 10% of Nasdaq's. The market generally believes that the Trump family's coin issuance is a "割韭菜" (scam) leveraging their influence, but it also signals a new era of crypto regulation in the United States. Institutions like Bernstein argue that Trump's meme coins mark the arrival of a new era of US crypto regulation, suggesting that the US government may start to view crypto as a tool to directly engage with the public. Furthermore, following his inauguration, Trump is expected to issue a series of executive orders covering areas such as tariffs, border immigration, deregulation, industrial policy, and crypto. Among these, the policy on including Bitcoin in the national reserve is drawing significant attention. The market anticipates that Trump may issue an executive order supporting cryptocurrency after his inauguration, which could have a major impact on the crypto market.
Ace Hot Topic Analysis
Analysis
Following Trump's inauguration, there was widespread market expectation that he would sign a series of executive orders covering areas such as tariffs, border immigration, deregulation, industrial policy, and the cryptocurrency sphere. Among these, the market was most attentive to Trump's policies concerning the cryptocurrency industry, specifically his potential inclusion of Bitcoin in the national reserve. Prior to this, Trump had voiced his support for cryptocurrencies on numerous occasions, proposing the integration of Bitcoin into the national strategic reserve. He had also declared on several platforms that he would ensure the US government retained 100% of its Bitcoin holdings, positioning it as a strategic reserve asset. Additionally, Trump established a Bitcoin and Cryptocurrency Advisory Council to propel innovation and regulatory frameworks within the cryptocurrency industry. Trump underscored that Bitcoin's decentralized and limited nature made it analogous to "digital gold," offering potential for added support to the US dollar. Consequently, the market generally anticipated an executive order from Trump regarding the cryptocurrency industry after his inauguration, potentially encompassing the inclusion of Bitcoin in the national reserve. Nevertheless, the successful execution of this plan hinges on surmounting numerous technical and policy obstacles, as well as acquiring widespread backing from the international community.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump will introduce policies to support digital assets, including the inclusion of Bitcoin in the national reserve and easing regulations on cryptocurrency.
The Trump family's cryptocurrency launch is a 'harvesting' behavior using its influence, but it also marks a new era for the cryptocurrency market, where traffic is wealth.
The Trump family's cryptocurrency launch has sparked market expectations for a Solana ETF, which is believed to be a major support for the blockchain.
After taking office, Trump will sign a series of executive orders, including tariffs, border immigration, deregulation, industrial policy and the crypto field, among which the crypto field will be the focus of market attention.