Trump omits crypto in record-long State of the Union

[President Trump Delivers The State Of The Union Address]
Andrew Harnik

Crypto was nowhere to be found in U.S. President Donald Trump's State of the Union address, a notable omission given his administration's push to champion digital assets.

In the first year of his second term, Trump leaned hard into pro-crypto policy, issuing executive actions aimed at promoting U.S. leadership in digital assets and directing the establishment of a strategic bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) reserve and a broader national crypto stockpile. But in the longest-ever State of the Union speech [https://seekingalpha.com/news/4556366-trumps-sotu-touts-economy-tariffs-introduces-new-retirement-accounts], crypto received no mention, raising questions about where crypto now ranks on the administration's policy priorities.

Instead, the president boasted about how things have improved economically since the Biden presidency, in addition to praising his tariffs and proposing a new program for retirement accounts.

"Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) bros were hoping Trump would mention bitcoin strategic reserve and pump their coin last night. But bros, I've got some bad news for you: Trump already got your vote and took your money--he doesn't need you any more," Behavioral Macro blog author and former hedge fund manager Mark Dow wrote in a social media post [https://x.com/mark_dow/status/2026667099347914807?s=20].

The crypto market didn't seem to read much into the silence, with bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) rebounding [https://seekingalpha.com/news/4556771-bitcoin-regains-some-momentum-rises-45] back toward the $70K mark and ether (ETH-USD [https://seekingalpha.com/symbol/ETH-USD]) jumping back to over $2K in a broader risk-on session. But prices have a long way to go before meeting prior records, with BTC's price nearly sliced in half since its all-time highs of over $126K late last year.

Bitcoin-backed exchange-traded funds: (IBIT [https://seekingalpha.com/symbol/IBIT]), (ARKB [https://seekingalpha.com/symbol/ARKB]), (GBTC [https://seekingalpha.com/symbol/GBTC]), (BRRR [https://seekingalpha.com/symbol/BRRR]), (BTCO [https://seekingalpha.com/symbol/BTCO]), (HODL [https://seekingalpha.com/symbol/HODL]), (BTCW [https://seekingalpha.com/symbol/BTCW]), (FBTC [https://seekingalpha.com/symbol/FBTC]), (BITB [https://seekingalpha.com/symbol/BITB]), and (EZBC [https://seekingalpha.com/symbol/EZBC]).

Blockchain ETFs: (BITQ [https://seekingalpha.com/symbol/BITQ]), (DAPP [https://seekingalpha.com/symbol/DAPP]), (BKCH [https://seekingalpha.com/symbol/BKCH]), (BLOK [https://seekingalpha.com/symbol/BLOK]), (CRPT [https://seekingalpha.com/symbol/CRPT]), and (IBLC [https://seekingalpha.com/symbol/IBLC])

DEAR READERS: We recognize that politics often intersects with the financial news of the day, so we invite you to click here [https://seekingalpha.com/article/4867592-politics-and-the-markets-022526] to join the separate political discussion.

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