Crypto Currency

Trump’s crypto agenda: 10 things he says he will do as president

Key Takeaways Trump pledged a series of actions for the crypto industry, and many await to see if these 10 promises will materialize once he takes office. Trump plans to fire SEC’s Gensler, free Ross Ulbricht, and establish the US as a crypto hub. Share this article Throughout his campaign, Trump promised several initiatives aimed

Key Takeaways

  • Trump pledged a series of actions for the crypto industry, and many await to see if these 10 promises will materialize once he takes office.
  • Trump plans to fire SEC’s Gensler, free Ross Ulbricht, and establish the US as a crypto hub.

Share this article

Throughout his campaign, Trump promised several initiatives aimed at supporting the crypto industry, marking a significant shift from his earlier skepticism toward Bitcoin. 

Trump’s crypto-friendly promises have generated excitement within the industry. 

Boris Bohrer-Bilowitzki, CEO of digital identity and regulation leader Concordium, remarked,

“Trump’s victory is not only a historic moment in American politics but also hugely positive news for the country’s crypto and digital assets industries.” 

As Trump’s presidency unfolds, the crypto world will be watching closely to see if these ambitious promises materialize into policies that could reshape the US crypto landscape.

Trump’s 10 Key Crypto Promises

1. Establishing a strategic Bitcoin reserve

Trump plans to create a national Bitcoin reserve by instructing law enforcement to retain seized BTC rather than auctioning it. This reserve would serve as a strategic asset aimed at supporting the US economy and helping reduce national debt.

2. Preventing a Central Bank Digital Currency (CBDC)  

Trump has pledged to stop any efforts toward establishing a US CBDC, aligning with privacy advocates who view government-controlled digital currencies as a threat to personal financial freedom.

3. Supporting US-based Bitcoin mining

Trump wants “all remaining Bitcoin to be MADE IN THE USA,” signaling strong support for domestic Bitcoin mining. 

4. Removing SEC Chair Gary Gensler

Trump has pledged to remove Gary Gensler as SEC Chair, criticizing his strict stance on crypto regulation. Mark Uyeda, a known critic of Gensler’s policies, is a favored candidate to replace him.

5. Commuting Ross Ulbricht’s sentence

Trump has promised to commute the sentence of Ross Ulbricht, founder of the Silk Road marketplace. Ulbricht’s life sentence for operating the site has been a point of contention, and his release would be seen as a pro-crypto statement.

6. Making the US a global crypto leader  

Trump envisions the US as the “crypto capital” of the world, a stance that Bohrer-Bilowitzki sees as a major advantage, predicting it will attract global innovators and allow the US to outpace competitors like China. 

Bohrer-Bilowitzki also noted that Musk’s involvement in Trump’s administration can only be seen as a win for the industry, as Musk’s influence would likely support pro-crypto policies and strengthen the US’s competitive edge.

7. Ending regulatory pressures on crypto  

Trump aims to reverse the anti-crypto stance led by figures like Senator Elizabeth Warren, who has built a coalition focused on national security concerns around digital assets. Trump’s lighter regulatory approach, as Bohrer-Bilowitzki predicts, could aid startup growth, creating an environment for crypto businesses to innovate freely.

8. Encouraging crypto startup growth

By reducing regulatory burdens, Trump aims to foster a favorable environment for crypto startups, allowing innovative companies to flourish in the US rather than moving overseas.

9. Promoting private custody and mining rights  

Trump has promised to protect Americans’ rights to mine and privately store their crypto assets, a policy seen as promoting individual financial autonomy.

10. Establishing a Bitcoin and crypto advisory council

Trump plans to form a Bitcoin and crypto advisory council within his first 100 days. This council, composed of industry experts supportive of digital assets, would be tasked with designing a transparent regulatory framework to foster growth and innovation.

Share this article

?xml>
Read More

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Currency

Best Meme Coin to Buy in June – Top Picks with 50x Potential for Early Adopters

The post Best Meme Coin to Buy in June – Top Picks with 50x Potential for Early Adopters appeared first on Coinpedia Fintech News June presents fresh opportunities for investors aiming for substantial gains in cryptocurrency. Emerging meme coins are catching attention, offering the potential for significant returns to those who act early…

The post Best Meme Coin to Buy in June – Top Picks with 50x Potential for Early Adopters appeared first on Coinpedia Fintech News
June presents fresh opportunities for investors aiming for substantial gains in cryptocurrency. Emerging meme coins are catching attention, offering the potential for significant returns to those who act early…
Read More

Continue Reading
Crypto Currency

Bitcoin Flashes Signs of $100K Retest: Can BTC Price Meet Buying Demand?

The post Bitcoin Flashes Signs of $100K Retest: Can BTC Price Meet Buying Demand? appeared first on Coinpedia Fintech News After dropping due to Donald Trump’s tariff plans, which caused an intense market sell-off, Bitcoin is making a strong comeback. It’s now approaching $100,000, its highest level since late February…

The post Bitcoin Flashes Signs of $100K Retest: Can BTC Price Meet Buying Demand? appeared first on Coinpedia Fintech News
After dropping due to Donald Trump’s tariff plans, which caused an intense market sell-off, Bitcoin is making a strong comeback. It’s now approaching $100,000, its highest level since late February…
Read More

Continue Reading
Crypto Currency

Benefits of Crypto Betting: Speed, Security, and Anonymity

Crypto betting is becoming popular among online gamblers. It uses cryptocurrencies like Bitcoin instead of regular money, and many people now prefer crypto betting because it is fast, safe, and The post Benefits of Crypto Betting: Speed, Security, and Anonymity appeared first on NFT Evening…

Crypto betting is becoming popular among online gamblers. It uses cryptocurrencies like Bitcoin instead of regular money, and many people now prefer crypto betting because it is fast, safe, and
The post Benefits of Crypto Betting: Speed, Security, and Anonymity appeared first on NFT Evening…
Read More

Continue Reading
Crypto Currency

Bitcoin Jumps Above $97K as Traders Optimistic U.S.-China Trade Deal Possible

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin Jumps Above $97K as Traders Optimistic U.S.-China Trade Deal Possible But bettors are skeptical that a trade deal can be reached before June. By Sam Reynolds, Shaurya Malwa| Edited by Parikshit Mishra Updated May 2, 2025, 5:17 a.m. Published May 2

Markets

Share this article

X iconX (Twitter)LinkedInFacebookEmail

Bitcoin Jumps Above $97K as Traders Optimistic U.S.-China Trade Deal Possible

But bettors are skeptical that a trade deal can be reached before June.

(spxChrome, Getty Images)

What to know:

  • Bitcoin is trading above $97K as optimism grows over potential U.S.-China trade talks, despite skepticism about a deal being reached soon.
  • Market observers see $100K bitcoin as achievable, driven by strong liquidity, institutional demand, and speculative altcoin activity.
  • AI tokens are gaining traction, with Kava Labs reaching 100K users, highlighting the appeal of decentralized and transparent AI platforms.

Bitcoin

is trading above $97,000 during the Asian morning hours as the market breathes a sigh of relief that the U.S. and China are said to be working on a trade deal, even if the market is also skeptical that a deal will be reached this month.

(CoinDesk)

jwp-player-placeholder
STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

“The U.S. has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue,” China state media posted on social media.

Dogecoin

led gains among majors with a 4% rise in the past 24 hours. Cardano’s ADA, XRP, ether

and BNB rose between 1-3%, with the broad-based CoinDesk 20 (CD20) rising 2.2%.

Movement’s MOVE extended losses to 21% as the company confirmed founder Rushi Manche had been suspended following a CoinDesk exposé of possible token manipulation involving the 21-year-old.

On Polymarket, bettors are skeptical that a deal will come this month, giving it only a 20% chance of happening by June. Bettors are likely concerned that the hawkish rhetoric from the White House means a deal may take longer than a month to be reached.

The speed and intensity of the tariffs the White House announced earlier this year panicked the market, leading to a significant drop in BTC’s price, but with this apparent trade detente, $100,000 bitcoin is back on the agenda.

Other crypto metrics are looking healthy, market observers say, putting $100K bitcoin in sight.

“Momentum continues to build across crypto with spot flows broadening, alt activity heating up and subtle but meaningful shifts in market structure,” trading and technology group Flowdesk said in a recent market note.

“As BTC ranges above $90K, undercurrents of risk appetite are growing stronger within both spot and derivative markets. Liquidity remains strong with rising volumes, surging weekend activity, and improving altcoin depth. At the same time, broad-based spot buying continues, led by speculative alts and AI tokens, alongside $1.5B in Bitcoin ETF inflows as institutional demand grows,” Flowdesk also wrote.

The market is also likely optimistic about Strategy’s continued BTC buys, and push towards further institutionalization.

As CoinDesk recently reported, Michael Saylor announced that Strategy is raising $21 billion for more BTC buys.

In a recent note, Presto Research said investors are increasingly impressed by Strategy’s growing institutional sophistication, highlighted by new valuation frameworks like BTC Torque and a strong focus on accurately pricing its fixed-income instruments.

Kava milestone pushes AI tokens higher

Artificial Intelligence (AI) tokens are in the green on Friday as the market reacts positively to news from Kava Labs that it hit 100K users of its decentralized AI platform.

Data from CoinGecko shows the market segment is up 3%, beating the CoinDesk 20, a measure of the performance of the largest digital assets, which is up by 1.8%.

“People are turning to Kava AI because it offers two things most platforms don’t, verifiability and privacy,” Kava Labs’ Scott Stuart said to CoinDesk in an email. “That includes users who are deeply embedded in Web3 as well as those simply seeking an alternative to opaque, centralized AI systems.”

Interest in Kava and decentralized AI growing globally, Stuart said, as more users recognize the value of AI that’s both decentralized and transparent, not reliant on a black-box model governed by a handful of corporations.

btcBitcoin
Sam Reynolds

Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX’s collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.

X icon

CoinDesk News Image

Shaurya Malwa

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

X icon

Shaurya Malwa

Latest Crypto News
Ether price chart with recovery from $2,475 to $2,53src

Ethereum Touted as ‘Foundational Layer for Global Finance’ by Firm With $500M ETH Bet

Banks in Singapore (Aditya Chinchure/Unsplash)

Crypto, Cash, and Condos: Singapore Ends $2.2B Laundering Case With Fines

BCH trades near $482 after July 1 rally to $526

Bitcoin Cash Rally Accelerates on Whale Activity and Bullish Technical Signals

New York. (Witizia/Pixabay)

U.S. Exceptionalism Is Alive and Well as Nasdaq Outperforms Global Peers: Macro Markets

Canadian rapper Drake on Tuesday shared a clip of Michael Saylor’s interview on CNBC on his Instagram account, reaching over 146 million followers. (Charito Yap/Flickr)

Drake Compares Fake Friends to Bitcoin’s Volatility: ‘Down This Week, Up Next’

FLOKI gains 4.7% then consolidates below $src.srcsrcsrcsrc75

FLOKI Advances Blockchain Gaming Ambitions With Valhalla Mainnet Launch and Esports Partnership

Top Stories
New York. (Witizia/Pixabay)

U.S. Exceptionalism Is Alive and Well as Nasdaq Outperforms Global Peers: Macro Markets

Canadian rapper Drake on Tuesday shared a clip of Michael Saylor’s interview on CNBC on his Instagram account, reaching over 146 million followers. (Charito Yap/Flickr)

Drake Compares Fake Friends to Bitcoin’s Volatility: ‘Down This Week, Up Next’

Banks in Singapore (Aditya Chinchure/Unsplash)

Crypto, Cash, and Condos: Singapore Ends $2.2B Laundering Case With Fines

Odds of a US recession in 2src25 chart (Polymarket)

U.S. Recession Odds on Polymarket Plunge to 22% as Trade Tensions Cool

money wallet

$8B BTC Movements May Have Been Preceded by Covert Bitcoin Cash Test

Brazil's flag (Rafaela Biazi/Unsplash)

Hackers Behind $140M Brazil Banking Heist Turn to Crypto to Launder Their Loot

!–>!–>!–>!–>!–>!–>!–>!–>!–>
Read More

Continue Reading