It’s been a month since Donald Trump returned to the White House, and his administration has not wasted time implementing sweeping changes. From executive orders to regulatory shaking, Trump’s cryptop policy transforms the industry in a unique way.
While his first day in the office did not include specific Cryptocurrency measures, his administration swung quickly, appointed pro-crust officials, initiated new regulatory initiatives and stirred controversy with customs policy that sent shock waves through the financial markets.
Trump launches a national crypto strategy
Just a few days after access, Trump signed an executive order to establish an internal working group to make the United States “Global Capital of Crypto.” This group has the task of developing a national crypto strategy that can reshape how digital assets are regulated.
Notably, Trump’s directive explicitly prohibits the creation of a central bank digital currency (CBDC), a feature that corresponds to his campaign rhetoric against government -controlled digital money. Instead, the administration is investigating policies to encourage innovation in the private sector in the blockchain space.
Sec Leadership Shake-Up
One of the most significant changes in Trump’s cryptop policy Come on changes at Securities and Exchange Commission (SEC). Trump nominated Paul Atkins, a long -term advocate for less restrictive financial regulations, to replace Gary Gensler as SEC chairman.
While Atkins is waiting for the Senate confirmation, acting chairman Mark Uyeda has already signaled a shift towards a more crypt -friendly regulatory environment. SEC quickly established a working group devoted to defining clear rules for digital assets, a sharp contrast to the previous administration’s application -heavy strategy.
Uyeda stated that the goal is to “draw clear regulatory lines, provide realistic paths to registration and distribute enforcement resources in a wise way.” This can mark a turning point for crypto companies that are struggling with uncertainty in the legislation.
Trump’s customs policy affects crypto markets
On February 2, Trump introduced a new wave of tariffs aimed at import from Mexico, Canada and China. The financial markets reacted strongly, with several major technical shares and Cryptocurrencies that experience significant volatility.
Bitcoin (BTC-USD) saw a strong case after the announcement and reinforced the growing correlation between crypto and traditional financial markets. Investors are now looking closely for further economic political changes that can affect digital assets.
Crypto -friendly Finance Ministry confirmed
Another major profit for the crypto industry came up with the Senate’s confirmation by Scott Bessent as US finance minister. Bessent, a billionaire hedge fund manager, has been true of its support for bitcoin and decentralized finance (Defi).
“I have been excited about the president’s embrace of crypto,” Bessent said during his confirmation negotiation. “I think it fits very well with the Republican Party’s values of freedom and innovation.”
Under his leadership, Treasury Department is expected to press for policies that encourage institutional adoption of digital assets while decreasing regulatory friction.
Trump’s controversial crypto pardon
On January 22, Trump granted a presidential order to Ross Ulbricht, the founder of Silk Road. Ulbricht had served a life sentence to operate the notorious Darknet market, which facilitated Bitcoin transactions for illegal goods.
While the pardon was met with applause from Krypto Libertarians and prison reform advocates, the backlash of legislators who saw it as an approval of illegal crypto activity triggered.
What is the next for Trump’s crypto policy?
With a pro-crust administration in place, the industry expects more political changes in the coming months. Important development to look at includes:
Stablecoin regulations – Congress works with legislation to establish clear guidelines for Stablecoins and aims to bring this market on land.
Crypto reserves at the state level-more states investigate the idea of keeping bitcoin in their treasury.
SEC and CFTC Coordination – SEC and Commodity Futures Trading Commission (CFTC) are expected to collaborate on defining the jurisdiction limits for crypto assets.
Trump’s first month has already had a deep impact on the Cryptocurrency sector. Whether this policy will promote long-term growth or introduce new risks remains to be seen, but one thing is the safe-crayon landscape undergoes a transformation under Trump’s leadership.
Picture: Freepik
