#Trump100Days

In the first 100 days of his term, President Donald Trump took several steps to advance a pro-cryptocurrency agenda, fulfilling campaign promises to make the United States the "cryptocurrency capital of the world." Key actions include: Executive Orders: On January 23, 2025, Trump signed an executive order to promote cryptocurrency growth, establishing a task force on digital asset markets to propose a regulatory framework within 180 days. He banned federal agencies from developing Central Bank Digital Currencies (CBDCs) and rescinded Biden's 2022 order on digital assets. Strategic Bitcoin Reserve: On March 7, 2025, Trump signed an order to create a strategic Bitcoin reserve, bolstered by Bitcoin seized by the Treasury Department through law enforcement, to serve as a national asset. Appointments: Trump appointed pro-cryptocurrency officials, including David Sachs as "Crypto Czar," Paul Atkins as chair of the Securities and Exchange Commission, and Brian Quintenz to lead the Commodity Futures Trading Commission, indicating a shift toward lighter regulation. Legislation: Trump signed H.J. Res. 25, repealing an IRS rule that burdened decentralized finance (DeFi) players. There is also bipartisan interest in a stablecoin bill and the FIT21 Act to clarify cryptocurrencies as commodities. White House Cryptocurrency Summit: A summit was held, despite criticism for lack of substance, indicating the growing political presence of cryptocurrencies. SEC Reforms: The SEC dropped lawsuits against cryptocurrency companies, rescinded restrictive accounting guidance (SAB 121), and formed a cryptocurrency task force led by Hester Peirce to promote innovation. Pardons: Trump pardoned crypto figures like Ross Ulbricht and Arthur Hayes, boosting industry sentiment. Personal Ventures: Trump launched meme coins like $TRUMP and $MELANIA, raising controversy over potential conflicts of interest, as he could profit from policies that might enhance their value. The SEC exempted meme coins from securities rules, providing protection for these ventures.