The Trump Administration, inaugurated in January 2025, has implemented sweeping regulatory reforms to position the U.S. as the global cryptocurrency leader. Within days of taking office, President Trump signed two pivotal executive orders: The first revoked Biden-era restrictions and established the President's Working Group on Digital Asset Markets, chaired by David Sacks, tasked with delivering a federal regulatory framework within 180 days. This order explicitly promotes self-custody, blockchain access, mining, and prohibits U.S. CBDC development.
The second order mandated creation of a Strategic Crypto Reserve holding Bitcoin (BTC), Ethereum (ETH), XRP, and Cardano (ADA) alongside traditional assets like gold. This triggered immediate double-digit price surges across reserve assets: BTC rose 9% to $93,000, ETH climbed 11% to $2,500, XRP jumped 30% to $2.80, and ADA soared 60% above $1.
Regulatory agencies followed with significant reversals: The SEC launched 'Crypto 2.0' under Hester Peirce, clarifying that meme coins, staking, and payment stablecoins aren't securities while rescinding SAB 121 to enable bank custody. Banking regulators eliminated 'reputational risk' barriers that had restricted crypto firm services.
On July 18, 2025, Trump signed the landmark GENIUS Act – the first federal digital currency law – establishing stablecoin regulations. Trump claimed this framework unleashed 'the greatest revolution in financial technology since the Internet,' directly attributing Bitcoin's record highs to his policies. Despite optimism from figures like Mike Novogratz (predicting BTC at $130,000-$150,000), challenges remain including Senate resistance over Trump family crypto ventures and unresolved DeFi regulations.