Crypto Discussions on X Today: Trump’s Market Impact, New SEC Chair, & More

On April 9, Trump announced a three-month pause on “reciprocal” tariffs, excluding China. Just hours earlier, he posted on X: “This is a great time to buy.” The tweet was followed by a recovery in both stocks and crypto, which had seen losses in the previous days.

Today, crypto Twitter/X is actively discussing Trump’s influence on crypto prices, Paul Atkins’ confirmation as SEC Chair, and broader market reactions.

Here’s our recap of five of the most talked-about crypto topics of the day.

1. Adam Schiff Accuses Trump of Causing Giant Market Fluctuations 

Donald Trump’s inconsistent tariff policy has sparked criticism and concerns over potential insider trading. In a recent post on X, California Senator Adam Schiff said the on-again, off-again tariffs create dangerous opportunities for insider trading.

Schiff added that he is writing to the White House with several questions, including who in the administration was aware of the policy changes ahead of time, and whether anyone traded stocks to profit at the public’s expense.

“The public has a right to know,” the senator added.

In a later post, Schiff restated that Congress needs to find out answers. 

Adam Schiff is known for his pro-crypto views and has previously spoken about the importance of comprehensive crypto regulations to drive technological innovation and economic growth.

2. What Is Crypto Actually About: Digital Asset Investor Shares His Take 

Amid ongoing crypto market fluctuations, Digital Asset Investor (@digitalassetbuy) shared his thoughts on the true purpose of crypto. 

He posted a clip from Treasury Secretary Scott Bessent’s April 9, 2025, speech, in which Bessent stated that the department will review regulatory barriers to blockchain and stablecoins.

Digital Asset Investor pushed back against the idea that crypto is just about ICOs, NFTs, cartoon monkeys, or memecoins. Instead, he outlined deeper use cases and the broader vision behind the industry.

According to him, crypto has the potential to reshape the global monetary system. Key areas include the US dollar’s role as the world’s reserve currency, the emergence of a new financial order – what he refers to as “Bretton Woods 2.0” – as well as financial inclusion, banking the unbanked, and building new payment systems.

This message is a reminder that beyond short-term price swings, crypto is ultimately positioned as a tool for long-term economic transformation.

3. Senator Lummis Voices Support for Paul Atkins as SEC Chair

Meanwhile, the US Senate confirmed Paul Atkins as the Securities and Exchange Commission (SEC) Chair in a 52-44 vote. 

Shortly after the vote, Senator Cynthia Lummis voiced her support. In a post on X, she recalled their earlier meeting, where they discussed digital asset policy and Wyoming’s blockchain work.

Lummis said she’s optimistic about what Atkins’ leadership could mean for the crypto industry. Unlike his predecessor Gary Gensler – who took a tough stance with a wave of enforcement actions – Atkins has a reputation for being more open to crypto.

4. Was the Market Rally a Dead Cat Bounce? Jacob King Thinks So 

WhaleWire CEO and financial analyst Jacob King believes the market has entered the “dead cat bounce” phase. In his analysis, he explains that the delay in tariffs is acting as a temporary boost for the market, which is encouraging retail investors to jump back in. 

However, King anticipates that this rally will be short-lived, setting the stage for what he calls the “next red wave,” a significant market downturn.

King's prediction is that retail investors will start buying in large numbers over the coming weeks, drawn in by the temporary market recovery. On the other hand, institutional investors, who have already made gains, are expected to start offloading their holdings. 

King advises his followers to be cautious and not to get caught up in short-term movements, reminding them to keep an eye on the long-term market trend.

5. Viktor Bunin Keeps Buying Ethereum

Coinbase protocol expert Viktor Bunin shared his commitment to Ethereum, saying he's been investing in Ether for years and plans to keep doing so.

Bunin's post comes after the SEC approved options trading on spot ETH ETFs, letting investors bet on ETH's price movement without owning it directly.

At the time of writing, Ether is priced above $1,500, up 9% in the last 24 hours.