10 major crypto events in Trump’s first week of office

Written by: 0xxz@Bitchain Vision

Trump’s inauguration as US President began with the launch of the Trump and his wife memecoin.This move has triggered a large number of mixed reactions from the crypto community.

Then Trump was sworn in on January 20. After the inauguration ceremony, Trump began to work and signed a large number of executive orders including the crypto field, triggering a series of major crypto events.

This article takes stock of the cryptocurrency events that have caused in Trump’s past office in the week.

1. Issue the first crypto-administrative order

On January 23, 2025, Trump issued his first crypto executive order (see Bitchain Vision’s previous report “A quick look at the key points of Trump’s first crypto-executive order”), requiring: to protect and promote the ability of citizens to access and use public chains in individual and private sectors; U.S. citizens can develop and deploy software, participate in mining and verification, conduct transactions, and self-custody of digital assets; to promote and protect the sovereignty of the US dollar,Promote the development and growth of USD-backed stablecoins; protect and promote fair and open access to banking services by all law-abiding citizens and private sector entities; provide regulatory clarity and certainty; protect Americans from the risks of CBDCs, prohibiting them in the United StatesEstablish, issue, circulation and use of CBDC within jurisdiction; revoke the Executive Order No. 14067 “Ensure Responsible Development of Digital Assets” and the Ministry of Finance “International Participation Framework for Digital Assets”; establish the Presidential Digital Asset Market Working Group; propose a federalRegulatory framework, manages the issuance and operation of US digital assets (including stablecoins); assesses the possibility of establishing and maintaining national digital asset reserves, and proposes standards for establishing such reserves.

2. Establish a Presidential Cryptomatic Working Group

The crypto executive order signed by Trump last week was to form a crypto task force.Some of the group’s main goals are to help develop a regulatory framework for cryptocurrencies and to evaluate the creation of digital asset reserves.Some of the key members of the group include the U.S. SEC, CFTC and the Treasury Department.In addition, large crypto-related companies are also competing for seats in the group to help the crypto space flourish.

3. Senator Lummis is appointed chairman of the Senate Digital Assets Subcommittee on Banking

Senator Cynthia Lummis was appointed chairman of the Senate Digital Assets Banking Subcommittee, the first U.S. supervisory body dedicated to digital assets.The main goal of this position is to assist in the creation of a clear regulatory framework for digital assets.This seems to be a win for the crypto community, as Lummis has been one of the most outspoken advocates of strategic bitcoin reserves.

4. US SEC cancels SAB 121

The U.S. SEC has revoked SAB 121, which requires companies to custody digital assets as assets and liabilities.

Banks will now be encouraged to adopt digital assets and keep them on the balance sheet.This may have a greater impact than the US BTC strategic reserve.

5. US SEC sets up a new cryptocurrency working group

Mark Uyeda, acting chairman of the US SEC, announced that he will set up aCryptocurrency Working Group, develop a clear regulatory framework for crypto assets.The announcement noted that the SEC “relied primarily on law enforcement actions to regulate cryptocurrencies” but is now taking a different approach to create a more collaborative environment.The task force will be led by Donald Trump-appointed SEC Commissioner Hester Peirce, who will assist in developing a regulatory framework in the cryptocurrency space.

6. Trump pardons the founder of the Silk Road

Trump fulfilled his promise and pardoned Silk Road founder Ross Ulbricht, who was sentenced to life imprisonment without parole.

Ross Ulbricht later expressed his gratitude to Trump on Twitter, who released him after 11 years in prison.

7. Federal Court Overturns Sanctions on Tornado Cash

A federal court in Texas ruled that the U.S. Treasury sanctions against Tornado Cash crossed the line.The court held that the International Emergency Economic Powers Act could not approve Tornado Cash’s smart contracts because they could not be owned.

8. Trump revokes Biden’s AI executive order

Biden signed an executive order on artificial intelligence to address public safety issues that some people in the artificial intelligence community think are too strict.Trump believes the executive order limits the development of the AI industry, prompting him to sign the executive order to “strengthen the US’s AI leadership.”

9. Stargate Project

President Trump announced that he would invest $500 billion in AI companies in the United States within four years.Some of the AI companies involved in the program include OpenAI, Oracle and SoftBank.The first phase of the program will focus on building data centers in Texas.As the AI boom continues to spread in the crypto space, this development may further drive synergies here.

10. Trump Family Memecoin

Trump tweeted on January 18, announcing his memecoin.While many users initially thought his account was hacked, people quickly began to realize that it was true.