Trump turns Cryptocurrency into the centerpiece of U.S strategy

The winds of change are sweeping through the U.S. cryptocurrency landscape, and this time, it’s coming straight from the Oval Office. In what industry leaders are calling a landmark moment, President Donald Trump has placed cryptocurrency at the heart of his economic strategy, marking a sharp departure from previous regulatory hurdles.

The white house Crypto summit: A historic shift

Around March 7th, Trump began guiding steps towards developing the U.S. economy by hosting a cryptocurrency summit, which is a huge step towards blockchain progress. This marks its importance for the industry, one that was famously remarked on by Kris Marszalek, the CEO of Crypto.com, an industry leader who referred to it as a “truly historic day.” 

Under the previous administration, policies like Operation Choke Point 2.0 had reportedly restricted crypto firms from accessing banking services. Due to the renewed efforts focused on crypto, enormous changes are simply around the corner. 

It was only a few hours after the event that heralded the decline of the severely damaging era for the sector that the Office of the Comptroller of the Currency (OCC) changed its relationship with Bitcoin.

Cryptocurrency legislation gains momentum

The timing of the summit couldn’t be more critical given that two major bills, the Stablecoin Bill and the Market Structure Bill, are awaiting congressional approval. If passed, these legislative frameworks could provide the clarity and regulatory guardrails needed to position the U.S. as a global hub for cryptocurrency and blockchain technology.

Marszalek emphasized that continuous interaction with the CFTC and SEC could lead to legislative action that redefines the sector. In his view, the proposed regulations will effectively bring back onshore crypto activities that have moved offshore, thereby contributing to a more coherent and ordered financial system.

Reserving Bitcoin: A new financial gamble?

As an additional layer to this policy change, on March 7, Trump signed an executive order mandating the creation of a U.S. Bitcoin reserve. But instead of purchasing Bitcoin, the reserve will be established using crypto assets surrendered in legal proceedings.

The administration has yet to commit to market spending, but the executive order empowers the Secretaries of the Treasury and Commerce to seek “budget-neutral” means of increasing Bitcoin stockpiles without increasing the tax liability of citizens. 

What this means for the future of Crypto in the United States

Some analysts believe this is a game changer for Bitcoin and its use in international commerce. Joe Burnett, Head of Market Research at Unchained, called it the “first real step” toward the adoption of Bitcoin on a global financial scale. 

At the same time, Anastasija Plotnikova, CEO of Fideum, noted that while it is a positive development that Trump is supportive of crypto, more effort is needed to fortify the proper regulatory foundation,