Donald Trump's recent speech to Congress lacked any mention of cryptocurrencies, surprising experts given his previous remarks on the sector.
Significance of the Omission
Experts at TD Cowen, specifically the Washington Research Group led by Jaret Seiberg, pointed out the significance of the omission. Seiberg mentioned that if cryptocurrencies were a personal priority for Trump, they would have been included in his speech.
Political Motivations
Seiberg suggests that Trump's decision to omit mentioning cryptocurrencies could be connected to current political negotiations. Republicans in Congress are attempting to gain Democratic support for stablecoin legislation, and Trump's involvement could complicate these negotiations.
Trump's Priorities
While Trump has previously discussed cryptocurrencies in other contexts, they may not rank high on his broader political agenda. Seiberg highlighted that although Trump addresses cryptocurrencies in front of relevant audiences, they are still not a top priority for him.
Overall, the absence of cryptocurrency references in Trump's speech suggests that they may not hold a significant place in his current political agenda.
