Trump Claims Portfolios Are ‘Way Up,’ But What About Crypto?

• Trump claimed the U.S. economy is stronger than ever, citing 53 stock market record highs.
• He proposes a 401(k) match of up to $1,000 for workers who lack employer contributions.
• The speech made no mention of Bitcoin, crypto, or digital asset legislation.

U.S. President Donald Trump delivered a confident State of the Union address this week, declaring that the United States is experiencing what he called “a transformation like no one has ever seen before.”

“Our country is bigger, better, richer, and stronger than ever before,” Trump told Congress during his record-breaking 1 hour and 48 minute speech. But while Wall Street was front and center, one thing was noticeably absent from the speech: crypto.

“Everybody Is Up, Way Up”

Trump leaned heavily into market performance. “The stock market is at 53 all-time record highs since the election,” he said. “Everybody is up, way up.”

Trump also floated a proposal to match employees’ 401(k) contributions up to $1,000 for workers who currently lack employer-matching programs. Details were limited, but the message was clear: traditional portfolios are winning.

He further defended his tariff strategy, arguing that foreign-paid tariffs could eventually “substantially replace the modern-day system of income tax,” reducing the burden on American households.

$18 Trillion in Investment, But No Crypto Mention

Trump contrasted his administration’s performance with the previous one.

“In four long years, the last administration got less than $1 trillion in new investment,” he said. “In 12 months, I secured commitments for more than $18 trillion pouring in from all over the globe.”

Despite last year’s rhetoric about making America the “crypto capital of the world,” Trump did not mention Bitcoin, digital assets, stablecoins, or the CLARITY Act even once.

The omission stood out, especially given growing anticipation around U.S. crypto regulation. Instead, the speech focused on border security, inflation, energy policy, GDP growth, and a proposed 15% global tariff plan. 

Digital Assets: Off Stage, Not Off the Radar?

While Trump avoided the topic publicly, crypto policy may still be moving behind the scenes. Trump’s Crypto Czar, David Sacks, recently stated:

“We’re not going to have a separate banking industry and crypto industry, it’s going to be one digital assets industry.” 

Crypto discussions are expected to continue at Friday’s White House summit.

Markets React Anyway

Interestingly, crypto markets moved higher despite the silence. The total crypto market cap climbed 2.56% to $2.25 trillion, tracking closely with equities. Bitcoin trades near $65,000 at press time, while Ethereum and XRP have also posted gains in the past 24 hours.

Related: White House Says President Trump Will Not Pardon Sam Bankman-Fried