Bitcoin May Be Included in Donald Trump’s First 200 Executive Orders
David Bailey, CEO of Bitcoin Magazine and The Bitcoin Conference, shared on X that Bitcoin or cryptocurrencies may be addressed in one of the first 200 executive orders issued by new U.S. President Donald Trump.
Got confirmation tonight that our EOs are among the first 200. I have no idea what made it in, but good news cometh,
Bailey wrote.
In May 2024, Bailey disclosed that his team had collaborated with Trump’s campaign to help shape Bitcoin and cryptocurrency policy. Additionally, Trump attended the Bitcoin 2024 conference in Nashville, underscoring his growing engagement with the crypto community.
This development has generated significant buzz within the crypto community, particularly after the newly inaugurated president made bold remarks about establishing a strategic Bitcoin reserve and potentially pardoning Silk Road founder Ross Ulbricht.
Related: Elon Musk Says Trump Will Pardon Silk Road’s Ross Ulbricht
The possibility of crypto-focused executive orders has provided a measure of reassurance to the crypto community. This comes after a leaked document, allegedly from Trump’s administration, outlined its immediate priorities. According to a report by Punchbowl News, cryptocurrencies were notably absent from the list.
Furthermore, Donald Trump’s inaugural address did not include any mention of cryptocurrencies, a detail that may have contributed to the sharp drop in the crypto market. Within 24 hours of his speech, over $600 million in trader positions were liquidated.
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