Michaela Alvez
The first 200 executive orders signed by President Donald Trump address matters concerning virtual assets, according to David Bailey, the CEO of Bitcoin Magazine. The Trump executive orders, which were signed shortly after the inauguration, drew attention for their potential to redefine the global financial realm.
“Got confirmation tonight that our EOs are among the first 200. I have no idea what made it in, but good news cometh,” Bailey stated in a post on X.
Bailey’s comments have reignited enthusiasm within the cryptocurrency community, emphasizing the orders’ possible influence on the sector.
Executive orders are implemented directly through executive authority, meaning these are issued by the president or executive branch of government and are enforced immediately without the need for approval from Congress.
Cryptocurrency market participants are closely watching for new regulations regarding Bitcoin and altcoins in the U.S., as these forthcoming decisions are poised to shape the future trajectory of the market.
WLFI One Step Ahead?
Just one day before Bailey’s announcement regarding the executive orders, World Liberty Financial (WLFI), the DeFi platform associated with President Trump, made a significant move by acquiring over $100 million in cryptocurrency tokens within a matter of hours.
Data from Arkham Intelligence reveals that the protocol’s wallet address acquired $46.8 million in Ether and $46.7 million in wrapped Bitcoin over a span of four hours, with individual purchases often exceeding $4 million each.
The buying spree also involved tokens with lower market caps, including Ethena, wrapped Tron (wTRX), Chainlink, Aave, and Uniswap. Transactions were conducted through the decentralized exchange CoW.
The timing of WLFI’s substantial crypto purchase, coupled with Bailey’s announcement, suggests the company may be positioning itself for upcoming regulatory changes that could enhance the security and profitability of large-scale crypto investments.
Additionally, this move may indicate that the Trump administration’s crypto-friendly policies are set to be implemented very soon.
Read More
- Trump-Backed World Liberty Financial Acquires $12M in ETH, LINK, AAVE
- Justin Sun Appointed World Liberty Financial Adviser Following $30M Investment
- World Liberty Financial Token Sale Scheduled Amid Ongoing Controversies
Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
