U.S. President Donald Trump took office early this year, with at least part of his 2024 election victory thanks to voters who took to heart campaign promises about a crypto-friendly administration.
So far, the Trump administration has indeed taken decisive pro-crypto steps, including signing an executive order rescinding Biden-era policies, establishing the President’s Working Group on Digital Asset Markets, and prohibiting a U.S. CBDC. The administration also helped push the GENIUS Act — the first major federal crypto law for stablecoin regulation and dropped several enforcement cases tied to crypto firms.
Trump also established a strategic bitcoin reserve, though he disappointed some in deciding that the reserve will be funded with seized bitcoin, rather than fresh purchases.
coindesk.com