Altcoin followers had been fooled this week into considering that President Donald Trump had signed an govt order (EO) that might kickstart alt season in February.
On Thursday, crypto influencers started tweeting that Trump had signed some type of directive relating to digital property that might drive the costs of many tokens to all-time highs.
The tweets had been posted with images of Trump at his desk within the Oval Workplace, pen in hand, supposedly signing the order for the entire world to see. Unsurprisingly, the posts, which promised a “massive win for crypto” garnered tens of millions of views and interactions throughout social media.
Sadly, the entire thing was totally made up.
No, on Thursday, Trump didn’t ‘just’ signal any crypto EO.
Altcoin Season 2025 needed an govt order
Whereas Trump has signed one EO relating to digital property, this was on January 23, not yesterday. Final week’s EO, in distinction to yesterday’s imaginary EO, didn’t pump the worth of any digital asset.
In reality, that order defined that the president wasn’t signing any new legislation into existence, nor was he even instituting any new rule, regulation, or steering. As an alternative, he merely established a working group to review and suggest suggestions relating to digital property.
David Sacks as “crypto czar” chairs that group.
On the signing ceremony, Trump requested Sacks for his phrase that he would make cash for Individuals. “We’re going to make a lot of money for the country. Okay?” stated Trump. “Thank you, sir,” nodded Sacks.
The one EO that Trump has truly signed directs Sacks’ group to suggest rules, modifications, and eliminations to make the US friendlier towards digital property, together with US greenback stablecoins.
So, sure, Trump does have some concern for management within the crypto trade, however he hasn’t given any indication that he’s hyping a brand new altcoin season for February.