I have said this countless times on this forum. People need to take their heads off Trump. They need to stop seeing him as a saviour to bitcoin. He had a great campaign team, they understood what gave him votes and they stuck with it and that's about it. He doesn't care about Bitcoin, he's not a bitcoin enthusiast or even a bitcoin lover, he has made this clear before. People simply do not pay close attention to these things and that's a problem.
Trump says something and you'll hear different excuses on how "he doesn't mean it that way or he was joking". The office of the President of the United States is an office where you do not have the luxury of saying things they don't mean or joke about sensitive things.

I don't believe they're using the crypto market to control inflation though, I believe it's just the market reacting to global economic and political events like it always has.