Recent months have witnessed significant transformations in the stance of U.S. President Donald Trump towards cryptocurrencies, as he shifted from opposing them to strongly supporting them, which has greatly influenced the digital asset market. Below are the key developments:
1. Establishment of a Strategic Bitcoin Reserve:
In March 2025, Trump signed an executive order to create a "Strategic Bitcoin Reserve" worth approximately $17.5 billion, based on around 200,000 Bitcoins that the U.S. government owns from previous legal seizures. (alarabiya.net)
2. Hosting a Cryptocurrency Summit:
In March 2025, Trump hosted a historic summit at the White House that brought together leading figures in the cryptocurrency industry, aimed at discussing the future of digital assets and the role of the United States in this growing sector. (aljazeera.net)
3. Formation of a Task Force for Cryptocurrency Regulation:
In January 2025, Trump issued an executive order to form a presidential task force led by David Sacks, to reassess cryptocurrency policies and establish new regulations for digital assets, aimed at enhancing America's leadership in the fintech sector. (alarabiya.net)
4. Impact on the Cryptocurrency Market:
Coinciding with Trump’s support for cryptocurrencies, Bitcoin experienced a record surge, reaching $106,000 in December 2024, reflecting the impact of presidential policies on the market. (youm7.com#MarketPullback #DELABSBinanceTGE #MarketPullback #BinanceHODLerTree )
