Ever since Trump took office with promises to make the U.S. the "crypto capital of the world," the crypto community had high hopes. We were expecting real clarity around crypto laws, especially after dealing with a more anti-crypto administration. But even after 100+ days, we're still waiting on those solid legislative changes.
To be fair, Trump has shown strong support. He kicked things off fast—with executive orders and key appointments that favor crypto. One big move was creating a Strategic Bitcoin Reserve (although it's now focused only on Bitcoin due to backlash). His administration also rolled back some of the SEC’s harsh rules that had been suffocating crypto companies.
Even the SEC and FDIC have new pro-crypto leadership. The #SEC actually hit pause on its never-ending Ripple case and started working with industry leaders on fairer rules—huge news!
That said, not everyone’s on board. Some people raised eyebrows when Trump launched his own meme coin, boosted his wealth with it, and even offered private lunches for top holders. Critics, like Rep. Maxine Waters, are already calling out what they see as "crypto corruption" in his circle—especially after storming out of a crypto policy session on May 6.
Currency Exchange Note:
Bitcoin ($BTC ) is currently trading around $63,200, while Trump’s meme coin ($TRUMP) has seen wild swings, with the latest price hovering around $6.12. Always check the latest rates before making moves!
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