Trump Signals a New Era for Crypto, Ends Biden-Era Policies
Since Donald Trump’s victory in the November U.S. presidential election, Bitcoin has repeatedly shattered its all-time high (ATH), a trend the President attributes to his pro-crypto stance. Trump has pledged to reverse restrictive policies from the previous administration, positioning the United States as a global leader in the digital asset space.
Trump’s Crypto-Focused Agenda
Speaking at the Future Investment Initiative Institute conference in Miami, Trump linked Bitcoin’s surge past $109,000 to his administration’s commitment to a crypto-friendly environment. In January, he signed an executive order titled "Strengthening American Leadership in Digital Financial Technology," establishing a federal working group tasked with crafting a clear regulatory framework for digital assets. This move aims to end regulatory uncertainty, particularly addressing concerns about oversight from agencies such as the SEC.
“We have completely ended Biden’s war on Bitcoin and crypto,” Trump stated, emphasizing his commitment to fostering innovation. With key lawmakers like Senate Banking Committee Chair Tim Scott and House Financial Services Committee leader French Hill spearheading regulatory efforts, Washington now hosts one of the most crypto-friendly Congresses in history.
Trump’s Personal Crypto Involvement
Beyond policy, Trump has directly engaged with digital assets. His TRUMP meme coin, launched just before his inauguration, quickly surged to a multi-billion-dollar market cap. Meanwhile, First Lady Melania Trump introduced her own cryptocurrency project, drawing significant attention but momentarily impacting the TRUMP token’s market performance.
In addition, World Liberty Financial, a DeFi venture linked to Trump’s family, has made major investments in the crypto market.