Donald Trump’s speech in Congress on Tuesday night drew attention for its complete omission of any mention of cryptocurrencies. Given his recent comments on the industry, this absence stood out as a notable omission.
According to TD Cowen’s Washington Research Group, this suggests that crypto is not among Trump’s personal priorities. Group leader Jaret Seiberg stated, “If it were a key issue for him, it would have been included in his speech.” Just days before, Trump had made remarks about crypto at rallies and on social media, making his silence in Congress all the more intriguing.
Seiberg suggested this might be a political strategy, as congressional Republicans are working with Democrats to pass a stablecoin bill. Trump’s involvement could complicate these efforts. Additionally, while Trump engages with crypto investors when speaking to them directly, analysts believe the topic is not central to his broader political agenda.
As Trump avoided crypto in his speech, the White House is preparing for its first official Crypto Summit. This event is expected to reveal new details about the U.S. crypto reserve initiative, potentially setting the stage for future regulatory developments.
