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Donald Trump spoke for 1 hour 38 minutes without mentioning anything about cryptocurrency
The failure of US President Donald Trump to mention cryptocurrency in his speech before Congress is a notable omission, given his recent statements on the subject. According to investment bank TD Cowen, this absence indicates that cryptocurrency is not a primary focus for Trump. The Washington research group of TD Cowen, led by Jaret Seiberg, noted in a note released today that this exclusion is significant. Seiberg wrote, 'If it were a personal priority, it would have been brought up,' while emphasizing that Trump's decision to exclude cryptocurrency is not just oversight. This omission is particularly notable because Trump has mentioned cryptocurrencies in speeches and social media posts in the days leading up to his speech. Seiberg sees this silence as "more meaningful" than the lack of discussion on other issues such as housing and banking, as Trump has a clear position on cryptocurrency policy. Seiberg alludes to the hidden political motives behind Trump's decision. He notes that the Republican Party in Congress is currently trying to secure Democratic support for the stablecoin bill. Any direct involvement by Trump could complicate these negotiations, making his silence on the issue strategically advantageous. However, another explanation is that Trump does not consider cryptocurrencies a pressing issue in his broader political agenda. Seiberg said: "When Trump appears before cryptocurrency investors, he will talk about cryptocurrencies." "However, we still believe this is not a personal priority," he said.