As of May 23, 2025, former President Donald Trump has been actively involved in the cryptocurrency sector, both through policy initiatives and personal ventures. Here's an overview of his recent activities:
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🏛️ Policy Initiatives
Strategic Bitcoin Reserve: President Trump signed an executive order establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. This initiative treats Bitcoin as a reserve asset, capitalized with Bitcoin forfeited through criminal or civil asset forfeiture proceedings. The reserve is intended to position the United States as a leader in digital assets .
Executive Order 14178: Signed on January 23, 2025, this order revokes a previous directive and prohibits the establishment, issuance, or promotion of Central Bank Digital Currencies (CBDCs). It also establishes a group tasked with proposing a federal regulatory framework for digital assets within 180 days .
Leadership Appointments: Trump appointed Paul S. Atkins as the Chair of the Securities and Exchange Commission (SEC) on April 21, 2025. Atkins is known for advocating reduced regulatory burdens and promoting financial innovation, aligning with Trump's pro-crypto stance .
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💰 Personal Ventures
$TRUMP Meme Coin: Launched on January 17, 2025, the $TRUMP token has faced criticism for potential ethical concerns. Despite its promotional efforts, many holders have incurred significant losses. Approximately 43% of the top holders lost a combined $8.95 million since its launch .
Exclusive Dinner Event: Trump hosted a black-tie dinner at his Virginia golf club for top buyers of the $TRUMP coin, raising ethical concerns. Attendees spent an average of $1.7 million to gain access, leading to accusations of presidential profiteering and potential conflicts of interest .
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🏦 Family Involvement
Eric Trump's Statement: Eric Trump, executive vice president of the Trump Organization, stated that banks must adopt blockchain technology or risk becoming obsolete within a decade. He criticized the current financial system as "broken" and "slow," advocating for decentralized finance as a more efficient alternative .
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⚖️ Legislative Developments
GENIUS Act: A major cryptocurrency bill, the GENIUS Act, is under consideration in Congress. While initially supported by 18 Democratic senators, some are now pushing for anti-corruption safeguards due to concerns over Trump's potential influence and conflicts of interest. Senator Jeff Merkley warned that passing the bill without these amendments would effectively condone Trump's ability to monetize political access