#Trump100Days Donald Trump's first 100 days in office have been significant for the crypto industry. Here are some key developments ¹ ² ³:
- *Bitcoin Reserve*: Trump issued an executive order establishing a strategic Bitcoin reserve, aiming to make the US a "Bitcoin superpower." The reserve will be filled with Bitcoin acquired by the US Department of Treasury.
- *Crypto Stockpile*: The administration also plans to create a US Digital Asset Stockpile, comprising cryptocurrencies other than Bitcoin owned by the Department of Treasury.
- *Pro-Crypto Leaders*: Trump has appointed pro-crypto leaders to key regulatory bodies, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
- *Regulatory Framework*: A regulatory framework for the crypto industry is imminent, with the administration's policies sparking mixed reactions and concerns over market manipulation.
- *Trade War Impact*: Trump's trade war has had a significant impact on crypto markets, with higher electronics prices affecting Bitcoin miners' profitability and de-dollarization concerns.
- *Memecoin Controversy*: Trump's association with blockchain projects, including a memecoin launched during his inauguration, has raised ethical questions and concerns about the industry's efforts to effect change in Congress.
- *White House Crypto Summit*: On March 7, Trump hosted a White House Crypto Summit, further solidifying his administration's commitment to crypto adoption.
- *Stablecoin Legislation*: The STABLE Act, aimed at providing guardrails for stablecoin issuance in the US, was introduced in the House of Representatives and passed a committee vote. However, Trump's policies may jeopardize the industry's efforts to effect change in Congress.
