Donald Trump Begins His Presidency
Donald Trump was sworn in as President of the USA on January 20. Although he didn't mention Bitcoin in his inaugural speech, he quickly took action. On January 21, he pardoned Ross Ulbricht, the founder of the dark web platform Silk Road, where drugs could be bought using BTC.
"I just spoke to Ross William Ulbricht's mother to inform her that, in honor of her and the Libertarian Movement which has so strongly supported me, I have signed a full and unconditional pardon for her son, Ross," Trump wrote in a post on January 21 on Truth Social.
Ulbricht was sentenced to two life sentences plus 40 years in prison in 2015.
Source: truthsocial.com
Cryptocurrency Regulations to be Established
Continuing on the topic of what Trump is doing in the USA, he appointed Mark Uyeda as the new head of the SEC. Additionally, we learned that a task force is being formed in the USA to "focus on helping the Commission outline clear regulatory lines, provide realistic ways to register with the SEC, and create sensible disclosure frameworks." This means Trump is beginning to fulfill another campaign promise.
Source: SEC
Trump's Company Buys Ethers
World Liberty Financial, a blockchain company led by the Trump family, has been buying ethers - in celebration of Donald Trump's presidency inauguration, they purchased ETH worth up to $47 million. They also added wrapped bitcoins and tokens AAVE, LINK, TRX, and ENA to their portfolio. Some of the ETH tokens were also allocated for staking in the Lido pool.
Source: Yahoo
Presidential Couple's Memecoins Hit the Market
The day before Trump's inauguration, two memecoins appeared on the market - one for Trump himself and another for his wife, Melania Trump. Both quickly gained significant value. However, TRUMP also rapidly lost value, showing how risky investing in such projects can be.
Trump, when asked by the media about the memecoin, admitted that... he knew little about it, though he confirmed he had agreed to its issuance.
Source: Investing