The post CZ Calls for Patience as Trump Skips Crypto in Day-One Orders appeared on BitcoinEthereumNews.com.

Binance CEO Changpeng Zhao reassures the crypto community to remain patient. Trump’s first-day executive orders excluded crypto actions, disappointing some advocates. Industry leaders urge optimism, citing potential future developments. Former Binance CEO Changpeng Zhao, also known as CZ, addressed the crypto community’s disappointment after President Donald Trump omitted cryptocurrency from his first-day executive orders. “Everyone expects everything to happen in one day. Good things take time,” Zhao posted, encouraging advocates to remain optimistic despite the lack of immediate policy action. Moreover, most commenters on CZ’s tweet agreed with his take. In particular, community commentators fault the “get rich quick mentality” of many crypto traders, calling for patience. Trump’s Executive Orders Sidestep Crypto On his first day in office, Trump signed several executive orders addressing immigration reforms, energy policies, and federal operations. Despite widespread speculation, cryptocurrency failed to make the agenda. Rumors before the inauguration suggested Trump might prioritize cryptocurrency as a national focus, with possibilities including establishing a Bitcoin reserve or granting a pardon to Ross Ulbricht, the Silk Road founder serving a life sentence. Related: Trump Wins Presidency, Crypto Community Awaits Major Reforms Despite these expectations, Trump neither addressed cryptocurrency during his inaugural speech nor included it in his policy actions, sparking wide reactions on X. The omission sparked reactions from the crypto community. Many others criticized Trump for overlooking the sector, especially after significant campaign contributions from major crypto firms.  For context, Ripple, Circle, Coinbase, Robinhood, and Kraken contributed $10 million to Trump’s campaign and inauguration. Related: Crypto Community Criticizes Microsoft’s Bitcoin Rejection Despite the disappointment, some industry leaders remain hopeful. An XRP proponent suggested more significant priorities may have taken precedence and urged patience.  Also, Elon Musk, a key figure in the Trump administration, reassured the crypto community that Silk Road founder Ross Ulbricht would still get…

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Filed under: News - @ January 21, 2025 8:23 pm