Weekly Crypto Market Recap: A Historic Day, Trump, And Reshuffle

Probably the biggest week for crypto market in the history of politics?

If January 23, 2025, wasn’t the day crypto decided to play its hand in the political arena. It’s as if every major sports event collided in one historic afternoon.

The executive order, Trump, Bitcoin ETFs, a pardoned Silk Road founder—let’s just say, it was a rollercoaster.

Grab your coffee (or whatever you’re into these days), because this week’s recap is all about those game-changing moments in crypto politics.

Crypto Market’s Moment in The Sun – The U.S. Gets Its First Executive Order!

First up, drumroll, the U.S. dropped its first-ever executive order (EO) focused entirely on crypto. Yes, you read that right. January 23, 2025, will go down in history.

The EO put a “working group” in charge of creating a regulatory framework that could change everything for the crypto market. Here’s what the group is tackling:

– Advertisement –

• Blockchain Protection: Yep, the goal is to make sure blockchain tech is safe and free from overbearing intermediaries.
• Stablecoins: The U.S. wants to get behind dollar-pegged stablecoins. The aim? To further strengthen the U.S. dollar’s dominance in the global economy.
• CBDCs? Nah: The U.S. is officially giving the side-eye to Central Bank Digital Currencies (CBDCs). No digital government coins here, thanks.
• Bank Access: The order promises fair access to banking services for businesses and individuals (crypto-friendly, of course).
• The “Crypto Strategic Reserve”: And here’s the kicker—there’s talk of a national stockpile of digital assets. Yep, the U.S. is exploring a digital asset treasure chest. Who said crypto isn’t important?

This working group has a solid 180 days to send their findings to the President. So buckle up. Things are about to get real.

SAB 121 is Gone. Banks Can Breathe Again.

Next up, some good news for banks—and bad news for SAB 121. If you’re not in the accounting weeds, here’s a quick breakdown: SAB 121 was an accounting rule that made banks’ crypto custodianship a major headache.

It forced them to count every crypto asset they held as a liability. Spoiler alert: Banks hated it. But now, it’s been officially overturned.

This clears the path for banks to work with crypto without dodging it. It’s a win for everyone who’s ever dreamed of crypto banking that’s less… complicated.

Senate Launches a Digital Assets Subcommittee. Time to Write Some Laws For The Crypto Market

The Senate isn’t sitting on the sidelines anymore. They’ve jumped into the crypto ring with their own “Senate Banking Digital Assets” subcommittee headed by Cynthia Lummis.

This group will draft legal frameworks and present them to Congress. The end game? Getting crypto laws on the books.

It’s about time the U.S. stopped treating crypto like a rebellious teenager and gave it a seat at the table.

Trump’s Back, and So Is His Pro-Crypto Agenda

Okay, now let’s talk about the elephant in the room. Donald Trump. Yes, the former president is back, and yes, he’s got crypto on his mind.

This week, Trump made headlines by signing a pro-crypto executive order, freeing Ross Ulbricht (Silk Road founder), and even suggesting the U.S. should build a national digital asset stockpile.

But wait—there’s more. Trump also released a memecoin. He and Melania decided to hop on the memecoin train.

Not everyone is thrilled (we’re looking at you, Vitalik Buterin). Nonetheless, the memecoin did give people something to talk about. Even if it did crash.

But, love him or hate him, Trump’s pro-crypto stance has some serious market implications.

Analysts are now calling for Bitcoin to hit $200,000 by the end of the year, citing Trump’s pro-crypto policies as the catalyst.

So, whether you’re a fan or not, his moves seem to be shaking things up in a big way.

Bitcoin ETF Inflows Surge. That’s Over $3.6 Billion!

And finally, in case you missed it: Bitcoin ETFs are on fire. Over the past six days, Bitcoin ETFs saw inflows of $3.6 billion.

That’s a massive vote of confidence from institutional investors who are betting big on Bitcoin’s future. With regulatory clarity just around the corner, it’s no surprise that the market is brimming with optimism.

Bitcoin’s been riding this wave, and the question now is: How high will it go?

A Week to Remember

So there you have it. A historic executive order, an overturned regulation, a new Senate subcommittee, and a Trump-sized bombshell that’s making crypto fans and critics alike break a sweat.

The crypto world is suddenly a whole lot more official, and the U.S. is definitely starting to take notice.

Whether you’re a Bitcoin believer or a memecoin skeptic, one thing is clear: crypto’s time in the spotlight is just getting started.

So there you have it. A historic executive order, an overturned regulation, a new Senate subcommittee, and a Trump-sized bombshell that’s making crypto fans and critics alike break a sweat.

The crypto world is suddenly a whole lot more official, and the U.S. is definitely starting to take notice.

Whether you’re a Bitcoin believer or a memecoin skeptic, one thing is clear: crypto’s time in the spotlight is just getting started.