President Donald Trump has been widely discussed for his steps regarding Bitcoin and cryptocurrencies after officially taking office in January.
Among the moves he has made so far, the most notable ones were Trump launching his own memecoin TRUMP and signing an executive order on March 7 for the U.S. Strategic Bitcoin (BTC) reserve.
Besides these, Trump established an internal working group focused on making the U.S. the “world capital of crypto” through an executive order. The order also banned the “creation, issuance, circulation, and use” of a U.S. central bank digital currency (CBDC).
As Trump signed many decisions like this, the first 100 days of his presidency brought unprecedented changes to the crypto industry. In addition to the changes, the news that Trump would have dinner with the biggest TRUMP memecoin holders sparked criticism and debates.
Trump announced customs duties to all US trading partners on April 2, which he called “Liberation Day,” and he smeared Bitcoin and cryptocurrencies. Following Trump’s statements, the markets hit rock bottom.
The Worst 100 Days in History!
While Trump interacts in both directions, former White House communications director Anthony Scaramucci claimed that Trump’s first 100 days, despite promises regarding cryptocurrency, were the ‘worst in modern presidential history.’
Scaramucci stated that the trade war initiated by Trump’s tariff announcements is a significant political failure.
Secondly, he stated that the discussions surrounding Trump’s own token have negatively affected the industry and that these discussions could jeopardize the industry’s efforts to make changes in Congress.
"I can say that we have experienced the worst 95 days in modern presidential history. The markets have recovered a bit, but 9 trillion dollars left the stock exchanges.
You had a growing economy before and now it is heading towards a moderate recession, possibly a severe recession.
Trump ignited everything so much that it even made the realization of [stablecoin regulations - GENIUS] more difficult. Trump’s tariff moves are not helping the US.
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