While his predecessors approached cryptocurrency with caution or outright suspicion, Donald Trump has taken a dramatically different tack since returning to the White House. His January 2025 executive order supporting digital assets and blockchain marks a complete 180 from his previous anti-crypto stance. Funny how power changes perspectives, isn’t it?
The administration wasted no time establishing a White House Working Group with a designated “Crypto and AI Czar” at the helm. Agency heads from SEC, CFTC, Treasury, Commerce, and DOJ are now sitting around the same table, presumably trying to figure out what blockchain actually is. Meanwhile, Trump’s rollback of previous enforcement measures has the crypto bros cheering. The Working Group, chaired by venture capitalist David Sacks, is tasked with delivering a comprehensive regulatory framework within 180 days. The blockchain ledger ensures all transactions remain transparent and tamper-proof across the network.
Washington’s new crypto brain trust meets weekly, while regulators are being told to back off the industry.
In March 2025, Trump created the Strategic Bitcoin Reserve. Yes, really. The U.S. government now hodls Bitcoin as “digital gold.” Can’t hack it, can’t make more of it, can’t stop talking about it. The government’s digital stockpile keeps growing while traditional economists watch in horror.
America will be the “crypto capital” of the world, if Trump gets his way. His administration is pushing for friendly banking access for crypto companies and encouraging blockchain development across public and private sectors. The mining industry is particularly thrilled – all those energy-guzzling computers finally have a presidential cheerleader.
Capitol Hill isn’t exactly united on this crusade. Even some GOP members are defying Trump-backed crypto measures during what the White House dramatically dubbed “Crypto Week.” The Anti CBDC Surveillance Act, along with the GENIUS Act and CLARITY, has become part of the controversial crypto package facing opposition. The GENIUS Act (yes, that’s what they called it) has become a political football in Congress.
Trump’s regulatory vision promotes technology-neutral rules, self-custody rights, and dollar-backed stablecoins. The administration insists this approach will enhance America’s global dominance and provide clarity for innovation. Critics wonder if it’s just creating a regulatory wild west. Either way, cryptocurrency has found its unlikely champion in a 78-year-old who once called Bitcoin a “scam.” Politics makes strange bedfellows. Very strange.
