Since Donald Trump's return to the presidency of the United States, his administration has made several sharp turns in the field of cryptocurrencies and digital assets. Below are the key initiatives that have already been implemented or are in the process of implementation:
Key initiatives and steps
1. Executive order on digital assets
In January 2025, Trump signed an executive order entitled 'Strengthening American Leadership in Digital Financial Technology'. It states:
the issuance and promotion of central bank digital currencies (CBDCs) is prohibited;
A Working Group on digital asset markets is being established to develop a federal regulatory framework for cryptocurrencies.
2. Strategic reserve of bitcoin and stocks of digital assets
In March 2025, an order was signed to establish a strategic reserve of bitcoin and digital assets. The reserve will include bitcoins confiscated in criminal or civil cases, as well as four other cryptocurrencies: Ether, Solana, XRP, and Cardano. The main point is that these assets are not planned to be sold immediately; they serve as a long-term reserve.
3. GENIUS Act
A law has been registered and signed that introduces regulation for stablecoins. Objectives:
to protect users, establish clear rules for reserves (stocks) under stablecoins;
to increase transparency, audit, and oversight over stablecoin issuers.
Potential risks and issues
Conflict of interest
Some critics point to the possibility of a merger of political power and financial gain, especially when it comes to Trump's personal tokens (for example, the meme coin $TRUMP), and family members involved in crypto projects.
Regulatory uncertainty and resistance
Although laws have already been passed and orders signed, the details of implementation — how exactly to ensure transparency, how to distribute the reserve, who and how will control — all of this still requires clarification and may face legal difficulties.
Industry and market reaction
Increased investor interest is good news. However, sharp changes in regulations always lead to volatility and uncertainty, especially in the short term.
Conclusion
Donald Trump's policy on cryptocurrencies is a clear step towards more active regulation and recognition of digital assets as an important element of the national financial strategy. The U.S. is trying to establish itself as a leader in the global crypto space by making key moves such as the strategic reserve and regulation of stablecoins.
