This year, President Donald Trump made several promises to the crypto community, sparking both hopes and disappointments. Let's explore how events unfolded.
"Crypto Revolution" Begins
In a major announcement, Donald Trump declared the formation of a 'crypto army' to win the 2024 election. He also promised to free Ross Ulbricht after his mother's plea. Support for Bitcoin and statements on breaking free from Biden and former SEC Chair Gary Gensler caught the attention of the crypto community, including figures like the Winklevoss twins, Charles Hoskinson, and Brian Armstrong.
January Disappointments
Two days before inauguration, Donald Trump launched the meme coin $TRUMP, followed by Melania's $MELANIA. Both were poorly executed, resulting in substantial losses for investors. The promise of a national Bitcoin reserve, inspired by Senator Cynthia Lummis, was unfulfilled. Instead, an executive order for a 'Digital Asset Stockpile' focused on stablecoins.
February: New Promises and Failures
Under elite pressure, Trump announced a crypto reserve including SOL, ADA, and XRP, only later mentioning Bitcoin and Ether. At a March White House summit, confusion intensified. Despite the new statement that America will follow 'never sell Bitcoin,' tangible actions were lacking.
Trump's promises regarding the cryptocurrency industry gained significant support, but his actions raise doubts among many in the community. It's unclear what the future holds, but so far, seen changes are minimal.
