President Trump’s Crypto Pivot
President Trump has indeed undergone a "seismic shift" in his stance on digital assets. After famously calling Bitcoin a "scam" and "based on thin air" during his first term, he has recently fully embraced the industry.
Here is the expanded context of his recent sentiment, capturing the energy of his current stance:
“I’m a big crypto person. I believe in it. We are going to ensure that the future of crypto and the future of Bitcoin will be made in the USA. If we don’t do it, China will, and we cannot let that happen. We’re going to stop the war on crypto, fire the anti-crypto regulators, and turn America into the crypto capital of the world. This is about freedom, innovation, and making sure our country leads the next great wave of technology. We are building a strategic national Bitcoin reserve because I want our country to be the leader, not a follower.”
Key Actions & Developments
Since moving into 2025 and 2026, the administration has doubled down on these words with concrete policy:
* The GENIUS Act: A major legislative win that established a regulatory framework for stablecoins and digital assets, which Trump signed with significant fanfare.
* Strategic Bitcoin Reserve: On March 6, 2025, Trump signed an Executive Order to establish a national stockpile of Bitcoin, treating it as a strategic reserve asset.
* World Liberty Financial: The Trump family launched their own crypto platform, which recently saw a massive $500 million investment from Emirati-backed firms.
* Personnel Changes: He has actively moved to replace regulators who were seen as "hostile" to the industry with those he describes as "people who love your industry."
