#BitcoinPolicyShift Bitcoin Policy Shift

The recent policy shift regarding Bitcoin in the United States is characterized by a significant change in regulatory approach under the Trump administration, which emphasizes a pro-crypto stance. This shift includes several key developments:

1. Executive Order on Digital Assets

President Trump signed an executive order aimed at establishing regulatory clarity for digital assets, which includes Bitcoin. This order created a “Presidential Working Group on Digital Asset Markets” tasked with reviewing existing regulations and proposing new frameworks to support innovation while ensuring consumer protection and financial stability1.

2. Creation of a Crypto Task Force

The U.S. Securities and Exchange Commission (SEC) established a new “Crypto Task Force” to clarify the regulatory framework surrounding cryptocurrencies like Bitcoin. This task force aims to move away from the previous enforcement-driven approach and instead focus on developing clear guidelines for registration, disclosure, and compliance2.

3. Regulatory Clarity Between SEC and CFTC

There has been ongoing debate about whether the SEC or the Commodity Futures Trading Commission (CFTC) should regulate Bitcoin and other cryptocurrencies. The Trump administration’s policies are expected to address this jurisdictional ambiguity, potentially favoring the CFTC as the primary regulator for many digital assets3.

4. Legislative Efforts