Despite the lack of cryptocurrency-related action on Donald Trump’s first day back in office, the crypto community remains optimistic about the future. Trump signed a series of executive orders on January 20, but none of them addressed crypto policies. This silence led to some market jitters, with Bitcoin dropping from a high of $108,786 to around $102,000. Crypto enthusiasts, however, are largely unfazed.

Futures trader and popular online personality “Satoshi Flipper” reassured followers, arguing that Trump’s dedication to digital assets is clear from his actions over the weekend. “He’s been buying altcoins in massive amounts, and people are panicking over one day of silence,” Satoshi remarked to over 225,000 followers on X. The trader’s comments suggest that Trump’s commitment to the industry is already proven, even if it wasn’t explicitly expressed on day one.

Others in the crypto industry, such as Will Clemente of Reflexivity Research, are urging patience, claiming that the market’s reaction is overly reactive. “Pro-crypto regulations are coming,” Clemente stated confidently, adding that Trump’s first-day silence is a non-issue in the grand scheme of things. He dismissed concerns that crypto policies would be delayed or disregarded.

Additionally, crypto lawyer Jake Chervinsky pointed to the recent appointments of Mark Uyeda and Caroline Pham to the heads of the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). Both leaders are known to oppose regulation by enforcement and have signaled support for clear rules for crypto. According to Chervinsky, this is a significant shift in favor of crypto-friendly policies, reinforcing the idea that Trump’s administration will act in favor of the industry soon.

At the World Economic Forum in Davos on January 20, Circle CEO Jeremy Allaire shared his expectations for swift action from Congress regarding crypto regulations. Allaire mentioned that legislative committees would soon resume work on crypto-related policies and noted that the industry anticipates more action on issues like the SEC’s Staff Accounting Bulletin (SAB 121), which currently prevents banks from holding crypto assets on their balance sheets. Allaire expressed hope that President Trump would take swift action to repeal this policy.

In summary, while some in the crypto world were initially concerned by Trump’s first-day silence on digital assets, many remain confident that crypto-friendly policies will be implemented soon. With strong leadership in key regulatory bodies and mounting pressure from industry leaders, the road ahead for digital assets looks promising.