US Pushes for Crypto Dominance Under Trump’s Pro-Crypto Agenda
The United States is entering a new era of cryptocurrency adoption under President Donald Trump, who has introduced a series of pro-crypto policies aimed at transforming the nation into a global digital asset hub. With initiatives like the GENIUS Act, the creation of a Strategic Bitcoin Reserve, and the launch of Trump-backed ventures such as World Liberty Financial, the administration is signaling a clear shift toward innovation and regulatory clarity. Experts interviewed by FXStreet suggest these developments could set the US apart from global rivals in the race to lead the digital economy.
Trump’s victory in the 2024 presidential election marked the beginning of this transition. On the heels of his win, Bitcoin surged to a record $76,400, while crypto-linked stocks such as Coinbase also saw significant gains. This stood in stark contrast to the previous Biden administration, which was known for aggressive enforcement actions against crypto firms. Trump’s campaign promises of deregulation and market-friendly policies appear to have played a major role in boosting investor confidence.
One of the most significant changes came with the resignation of SEC Chair Gary Gensler, long viewed as a barrier to the growth of digital assets. His departure paved the way for the formation of a dedicated crypto task force led by Commissioner Hester Peirce, tasked with drafting a comprehensive regulatory framework for cryptocurrencies. Market analysts note that this shift immediately boosted Bitcoin demand, driving its price above $109,000 by Trump’s inauguration day.
Trump’s personal involvement in crypto has also drawn global attention. His family launched World Liberty Financial (WLFI), a DeFi platform built on Ethereum, which has attracted major investors such as Tron’s Justin Sun and UAE-based venture firms. WLFI currently manages over $460 million in tokens and has introduced its own stablecoin, USD1. Meanwhile, Trump Media and Technology Group has filed for a Bitcoin ETF, signaling broader ambitions in the digital asset space. Despite criticism over potential conflicts of interest, these ventures highlight Trump’s long-term commitment to integrating crypto into mainstream finance.
The administration has also advanced structural reforms for stablecoins through the GENIUS Act, which mandates full USD reserves and AML compliance for issuers. Analysts at Deutsche Bank call this law a “milestone” that cements the US dollar’s dominance in the global stablecoin market. With corporations like Amazon, PayPal, and Walmart showing interest in stablecoin payments, the US Treasury projects that stablecoin-related T-bill holdings could reach $1 trillion by 2028. Experts say this legislation positions the US as a leader in both regulatory clarity and financial innovation.
Another landmark step is the Strategic Bitcoin Reserve (SBR), established through an executive order. Instead of using taxpayer money, the SBR consolidates BTC seized from criminal cases, with over 200,000 Bitcoin already allocated. This strategy prevents premature liquidation of assets and strengthens the government’s role as a long-term Bitcoin custodian. Alongside federal efforts, states like New Hampshire, Texas, and Arizona are creating their own Bitcoin reserves, fueling a decentralized race toward crypto adoption across the country.
The SEC has also taken a bold step by approving in-kind creations and redemptions for Bitcoin and Ethereum exchange-traded products (ETPs). This change reduces transaction costs for investors and aligns crypto ETPs with traditional commodities like gold. Combined with Trump’s order allowing crypto in 401(k) retirement plans, these moves are opening digital assets to both institutional and retail investors on an unprecedented scale. Industry experts believe this could accelerate mainstream integration of Bitcoin and Ethereum in US financial markets.
While critics warn of conflicts of interest and risks tied to deregulation, experts agree that clear rules and stronger enforcement against bad actors will be essential for long-term stability. As Fei Chen of Intellectia AI points out, “The challenge is catching criminals while allowing legitimate businesses to thrive.” With global competition from markets like Hong Kong and the EU, the US now faces a critical moment to prove that its new policies can strike the right balance between innovation, security, and investor protection—cementing its place as the world’s leading crypto hub.
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