Donald Trump Sworn In as 47th President, First Pro-Crypto Leader, Signals Bitcoin Reserves and Ulbricht's Sentence Review

Jan 20, 2025, 04:25 PM

Donald Trump has been inaugurated as the 47th President of the United States, marking a historic moment as he is described as the first pro-crypto and pro-Bitcoin president. His administration is anticipated to usher in new state policies favorable to the cryptocurrency industry. Trump's inauguration has sparked speculation about potential policy overhauls, including the establishment of bitcoin reserves and the possibility of commuting the sentence of Ross Ulbricht, the founder of the Silk Road. The crypto community has celebrated this event, with expectations of a more crypto-friendly regulatory environment under Trump's leadership.