Analyst: Trump may sign a non-substantive executive order on encryption, investors should take a long-term view

The market originally expected an executive order supporting the digital asset sector, but it did not appear in a series of actions on Trump's first day in office. Instead, the focus was placed on topics such as immigration, trade, energy and TikTok. TD Cowen analyst Jaret Seiberg said that the crypto market has been expecting relevant orders to be issued, but Trump may sign non-substantive cryptocurrency-related executive orders. Hedge fund DACM co-founder Richard Galvin believes that given the Trump administration's series of priorities, it is too early to draw strong conclusions from the current situation where no immediate executive orders have been issued. The market has shown resilience which suggests investors should adopt a similar long-term view.