The new US President Trump will officially be sworn in as the 47th President of the United States at 1 am Taiwan time on the 21st. The inauguration day will include the official swearing-in ceremony, musical performances, a celebratory parade, and a series of formal balls. Vice President JD Vance will also be sworn in and take the stage with Trump, officially beginning the new administration.
According to official announcements, Trump's second inauguration ceremony will first be held at the historic Lafayette Square St. John's Church in Washington, D.C., followed by a tea reception at the White House. The musical performance and opening remarks will begin at 10:30 pm Taiwan time on the main stage of the West Lawn of the US Capitol Building.
Afterwards, Trump and JD Vance will hold the inauguration ceremony, and the President will deliver his inaugural address outlining the goals for the next four years. Trump will then go to the President's office near the Senate to sign important documents, and attend a luncheon hosted by the Joint Congressional Committee on Inaugural Ceremonies, before the parade procession from the Capitol Building along Pennsylvania Avenue to the White House.
Trump to Sign Over 200 Executive Orders on Inauguration Day
On his first day in office, foreign media speculate that Trump plans to sign over 200 executive orders, including delaying the federal government's ban on TikTok, as well as many other measures such as: restricting immigration, raising tariffs, relaxing energy regulations to crypto asset regulation, setting a record-breaking scale of priority policies.
Fox News reports that informed senior officials have revealed that on his first day in office, Trump will terminate the "catch and release" policy (the policy of not detaining illegal immigrants while awaiting court hearings on their status), suspend all offshore wind lease agreements, terminate the electric vehicle mandate, abolish the Green New Deal, withdraw from the Paris Climate Agreement, and take a number of other major actions to strengthen the President's control over the federal bureaucracy.
The official said Trump will sign "comprehensive" executive orders, each containing dozens of major administrative measures.
On his first day in office, Trump will declare a national emergency at the border, directing the military and the Department of Homeland Security to fully secure the southern border of the US and eliminate drug cartels within the country.
Trump will also use executive orders to close the border, prevent all illegal immigration, and form a special task force to eradicate criminal gangs. He will also designate the criminal gangs as foreign terrorist organizations and reinstate the "Remain in Mexico" policy, directing the military to build a new border wall and granting emergency powers to quickly deport illegal immigrants.
The Financial Times reports that Trump is expected to take trade actions that could impact financial markets, such as potentially using the International Emergency Economic Powers Act to quickly impose tariffs. In terms of foreign policy, Trump may focus on implementing the Israel-Hamas ceasefire agreement.
Additionally, in foreign policy, Trump's main concern may be the implementation of the Israel-Hamas ceasefire agreement. Trump may instruct the federal government to end all of Biden's restrictions on energy production, and immediately reissue permits for billions of dollars worth of liquefied natural gas export terminals.
Plans to Prioritize Crypto Assets
For the crypto industry, it is worth noting that according to a previous report by Bloomberg, Trump plans to issue an executive order that will prioritize crypto assets as a policy focus and give the industry more say. The executive order is expected to position crypto assets as a national priority, guiding government agencies to cooperate with the industry, and plans to establish a crypto asset advisory council.
Additionally, informed sources reveal that the executive order may also consider establishing a national Bitcoin reserve, covering all Bitcoin held by the US government, and may also require government departments to review existing digital asset policies, and even suspend any legal proceedings related to crypto assets, including cases against companies like Binance and Ripple, which is a top priority for the industry.
