- Donald Trump advanced several pro-crypto policies since taking office in early 2024.
- The administration reversed prior crypto regulations, created a federal working group on digital assets, and opposed a U.S. central bank digital currency (CBDC).
- A major federal law regulating stablecoins, the GENIUS Act, was supported and some crypto enforcement cases were dropped.
- The government established a strategic Bitcoin reserve funded with seized bitcoin instead of new purchases.
- However, the latest national security strategy omitted digital assets, focusing instead on Artificial Intelligence, biotechnology, and quantum computing as strategic priorities.
Donald Trump assumed the U.S. presidency in early 2024, with his election win partly credited to campaign promises favoring cryptocurrency. Since then, his administration has taken clear steps supporting digital assets and blockchain technology.
Among these actions, Trump signed an executive order undoing crypto policies from the previous administration, launched the President’s Working Group on Digital Asset Markets, and opposed the creation of a U.S. central bank digital currency (CBDC). The administration also backed the passage of the GENIUS Act, which marks the first major federal legislation aimed at regulating stablecoins. Additionally, several enforcement cases involving crypto companies were dropped during this period.
The administration formed a strategic bitcoin reserve, which was notable for being funded with seized bitcoin rather than fresh bitcoin purchases. This approach drew some disappointment from crypto advocates.
Despite these initiatives, the latest national security strategy released recently did not mention digital assets or blockchain technology. Instead, the document highlighted artificial intelligence, biotechnology, and quantum computing as key areas for maintaining U.S. technological leadership. The strategy states, “We want to ensure that U.S. technology and U.S. standards — particularly in AI, biotech, and quantum computing — drive the world forward”, as cited in the official national security strategy document.
This exclusion suggests that while cryptocurrency has received regulatory attention, it may not be viewed at the highest strategic levels as a critical technology for national security or economic dominance. The focus appears to remain on emerging scientific fields and quantum technologies.
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