President Donald Trump is marking his first 100 days back in the White House, a period that reveals his administration’s early policy priorities, notably a strong commitment to the cryptocurrency sector. Throughout these months, Trump has made significant strides in aligning his administration’s actions with his campaign promises to the crypto community.
Among his notable achievements, Trump pardoned Ross Ulbricht, the founder of Silk Road, a notorious dark web marketplace pivotal to the crypto and libertarian movements. This action captivated many in the “Free Ross” campaign, as Ulbricht had been sentenced to double life imprisonment plus 40 years for his role in the site.
In addition to the pardon, Trump signed multiple executive orders, including one that bans U.S. agencies from launching central bank digital currencies (CBDCs), reflecting a major concern of his supporters. The same directive aims to protect digital asset miners and establishes a working group intended to create a more favorable regulatory environment for cryptocurrencies in the U.S.
On March 6, Trump called for the formation of a U.S. Strategic Bitcoin Reserve through an executive order. This reserve, to be constructed from Bitcoin acquired through forfeitures, complements his statement made at BTC 2024 where he declared the U.S. would become the “Bitcoin superpower.”
To enhance industry communication, Trump hosted the first-ever White House Crypto Summit, bringing together influential figures from the crypto space. This gathering included high-profile attendees like Michael Saylor and Kyle Samani, demonstrating the administration’s proactive engagement with industry leaders.
Trump’s administration also saw Paul Atkins, a pro-crypto advocate, confirmed as the new chairman of the SEC, signaling a shift towards lightening regulatory burdens on digital asset firms. Atkins’ leadership is expected to facilitate a reduction in federal oversight, aligning the SEC’s actions more closely with the interests of crypto holders and businesses.
Furthermore, Trump recently signed a law that repeals an IRS rule requiring decentralized finance platforms to report taxpayer information as traditional brokers must. This legislative act marks a significant milestone, being the first pro-crypto bill signed by a sitting U.S. president.
While Trump has made promises and initiated numerous changes beneficial to the crypto industry, commentators express cautious optimism as they await tangible policy implementations following his engaging rhetoric. As his first 100 days conclude, the crypto community remains hopeful for further transformational decisions that could shape the sector’s future in the U.S.
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