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Trump claimed that the U.S. economic situation is stronger than ever. He cited 53 stock market records highs.
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He proposes that workers who do not have employer contributions receive a 401(k), up to $1,000, as a match.
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The speech did not mention Bitcoin, crypto or digital asset legislation.
Donald Trump, the U.S. president, delivered a confident State of the Union Address this week. He declared that the United States was experiencing “a transformation unlike anything anyone has ever seen.”
Trump told Congress that “our country is stronger, bigger, richer and better than ever before” during his record-breaking, 1 hour and 48 minutes speech. While Wall Street was prominent, crypto was conspicuously absent from the speech.
“Everybody is Up, Way Up!”
Trump was heavily invested in the market’s performance. “The stock markets are at 53 all-time records highs since the elections,” he said. “Everyone is up, way up.”
Trump floated another proposal, offering to match employee contributions to 401(k) up to $1,000 in the case of workers who do not have employer matching programs. Details were few, but the message was clear. Traditional portfolios are winning.
He defended his strategy further, arguing that tariffs paid by foreigners could “substantially” replace the modern income tax system. This would reduce the burden on American families.
There is an $8 Trillion Investment, but no mention of Crypto?
Trump compared the performance of his administration with that of the previous administration.
He said that in four years, the previous administration had only managed to attract less than $1 trillion of new investment. “In just 12 months, I was able to secure commitments from around the world for more than 18 trillion dollars.”
Trump didn’t mention Bitcoin, digital assets or stablecoins once, despite his rhetoric last year about making America the “crypto-capital of the world”.
The omission was notable, especially in light of the growing anticipation surrounding U.S. crypto regulations. Instead, the speech concentrated on border security and inflation, energy policy, economic growth, and a proposed global tariff plan of 15%.
Digital Assets Off Stage, But Not Off the Radar!
Although Trump avoided the subject publicly, crypto-policy may still be moving in the background. David Sacks recently stated that Trump’s Crypto Czar is:
“We won’t have a separate crypto industry and banking industry, but it will be one digital asset industry.”
The White House summit on Friday is expected to continue the crypto discussion.
Markets React Anyhow
It is interesting to note that crypto markets rose despite the silence. The total crypto market capitalization grew by 2.56%, to $2.25 trillion. This closely tracked the equities. Bitcoin is trading near $65,000 as of press time. Ethereum and XRP also showed gains in the last 24 hours.
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