Trump Issues 46 Executive Actions on First Day of Presidency
During his first 12 hours in office, President Trump issued 46 presidential actions. Key points include:
- Designation of acting chairs for the CFTC and SEC
- Implementation of a federal hiring freeze
- Declaration of a national energy emergency
- Executive orders aimed at immigration policy and an "anti-woke" agenda, including the abolishment of DEI programs
- No direct actions related to cryptocurrency were taken
Trump had previously promised to fire Gary Gensler and commute the sentence of Silk Road founder Ross Ulbricht, but neither occurred during this period. Insiders suggest a pardon for Ulbricht may be imminent.
Despite campaigning support from the crypto industry, Trump's initial actions raised concerns regarding his engagement in speculative crypto ventures, particularly with recent memecoin launches ($TRUMP and $MELANIA) that unsettled lobbyists and donors.
The situation indicates a complicated relationship between Trump and the cryptocurrency sector as he begins his second term.