President Donald Trump, known for his distinctive governance style, recently made headlines with another unconventional decision. His announcement highlighted the cancellation of approximately 92% of documents signed by his predecessor, Joe Biden, whom Trump labeled as “Sleepy,” via autopen. The developments stirred interest particularly in financial markets with Bitcoin holding steady at $91,000.
Trump’s Announcement
Cryptocurrencies experienced a hiatus this week due to the Thanksgiving holiday, commencing with a market closure on Wednesday. Although U.S. markets briefly opened, attempts to bolster BTC were ultimately unsuccessful. Within this period, Trump made two significant declarations; one pertaining to the G20 and the other concerning Biden’s executive orders. Trump declared the annulment of all orders signed by Biden using an autopen, an automated signature device.
“All documents signed by Sleepy Joe Biden constituting about 92% have been nullified. These hold no legal authority without explicit approval from the United States President.”
He further criticized the radical left surrounding Biden in the Oval Office for allegedly undermining his presidency. Asserting the illegality of the autopen’s usage, Trump invalidated all unauthorized executive orders not directly signed by Biden, threatening perjury charges for false claims of involvement.
Impact on Cryptocurrencies
Trump’s actions went beyond merely addressing Biden’s administration, directly impacting the cryptocurrency sector. By reversing Biden’s crypto-adverse orders, Trump began appointing crypto-friendly figures to key organizations like the SEC to counter such policies. This ensured that no crypto-adverse decision enacted via autopen remains effective today.
It’s notable that both Democrat and Republican administrations had previously utilized the autopen. Trump, however, criticized important document signatures executed in this manner. Presidents retain the power to repeal previous executive orders, which is concerning for the crypto community should new leadership lack crypto-friendly views.
As Trump altered Biden’s official portraits with an autopen, the necessity for clear crypto legislation by 2026 becomes evident, ensuring market stability regardless of presidential changes.