Since the 2024 presidential elections, Bitcoin has been a prominent topic in campaign discussions and Trump’s plans as the BTC 2024 Conference President Trump proposed the creation of the conference during a live session, and appointed Executive Bo Hines as the spokesman. Hines has a pro-crypto lobby persona and supports government policymaking, stating that taking command will allow him to profess his love for Bitcoin while enjoying the company of people who approach business the right way.
Trump has expressed his desire to be remembered after leaving office, stating that he wants a practical edifice devoted to serving the public. He also named David Sacks, a former PayPal executive, as the administration’s “AI and Crypto Czar,” overseeing regulations for digital assets like Bitcoin and artificial intelligence projects. Sacks was given a blanket ethics waiver and written crypto law, even if he retains investments via his fund Craft Ventures. The writ allowed him to crypto slave as long as his holdings were under 5%.
Bitcoin as a Strategic Asset
In one of his boldest actions, Trump this March issued an executive order that creates a Strategic Bitcoin Reserve, a stockpile aided by bitcoin obtained via asset seizure in criminal and civil cases. With the government holding around 200,000 bitcoin – waiting audit—the reserve is marketed as a sink of value for the long term.
In addition, the same order created a digital asset stockpile designed to aid economic stability, fight inflation, and cement USA dominance in crypto innovation. The change towards using forfeited crypto assets for strategic reserves is a big break from previous government policies.
The CBDC Ban and the Rise of Stablecoins
In March also, the promotion and development of central bank digital currencies (CBDC) were banned for federal agencies by Trump. Using privacy, sovereignty, and financial stability concerns, the executive order halted all initiatives toward CBDCs unless there is legislation mandating so.
Instead of a government-issued digital dollar, former President Trump advocated for private sector stablecoins issued by the US dollar—especially ones with reliable transparency and audit systems.
“The DOGE Agenda” and Technology-Inspired Governance
January 20, 2025, witnesses the unveiling of the Department of Government Efficiency, known as the DOGE Agenda. While the department’s actions are not crypto-oriented, its name and its goal of digitizing the government drew a lot of attention.
The chief of Tesla and Dogecoin fan Elon Musk got this initiative, giving a tech twist to the government crypto collection.
Major Restructuring at the SEC
As for Trump’s SEC makeover, it has certainly been swift and comprehensive. Last December, Trump appointed crypto-friendly former commissioner Paul Atkins as chair of the agency. He passed Senate confirmation in April with a narrow vote of 52-44 and replaced crypto skeptic ex-chair Gary Gensler.
Atkins’s SEC has already moved to dismiss non-fraud crypto enforcement actions, scaled back the crypto task force, and replaced it with a new 30-member Cyber and Emerging Technologies Unit led by Laura D’Allaird. In January, the SEC also revoked Staff Accounting Bulletin 121, which required companies to consider customer crypto assets held as liabilities.
April marked the disassembly of “Choke Point 2.0,” a framework from 2022 that placed increased federal oversight on a bank’s dealings with crypto. The Federal Reserve lifted guidance restricting banks’ activities with crypto, removed cumbersome approval processes, and retracted joint statements by the FDIC and OCC on the risks posed by crypto assets.
Pardons Send a Clear Signal
In January, a full pardon was granted by Trump to Ross Ulbricht, the Silk Road darknet marketplace founder who has served two life sentences plus 40 years. In crypto worlds, Ulbricht’s sentence marked heated debates and was considered controversial since the non-violent offender was deemed a victim of harsh government retaliations.
In March, Trump pardoned the BitMEX co-founders Hayes, Delo, Reed, and former executive Dwyer. Each had paid $30 million in fines due to pleading guilty to Bank Secrecy Act violations. Prosecutors claimed that they ran BitMEX as a “money laundering platform.”
Memecoins and Family Ventures
The Trump family has been involved in crypto markets as well. In January, Donald Trump memecoins $TRUMP and saw its price balloon to a $9 billion market cap in three hours. With a total supply of 1 trillion planned tokens, 80% of them are controlled by Trump associates under a 3-year lock, allowing the coin to soar alongside Solana’s value.
Shortly afterwards, the First Lady released her own memecoin, $MELANIA, branded as “The Official Melania Meme” by her company MKT World LLC.
In a later announcement, family-supported venture World Liberty Financial (WLFI) plans to issue USD 1, a fully backed stablecoin designed exclusively for institutions with their reserves held at BitGo and independent third-party audits used for verification.
A Crypto-Forward Future?
In his first 100 days, Trump’s policy actions and appointments have indicated a belief that digital assets not only represent a novel financial landscape but also a crucial one for his economic vision. How sustainable—or legally durable—that vision will be rests on market, legislative, and global reactions to a U.S. president unapologetically riding the crypto wave.
