President Trump’s ten Promises to Reshape U.S. Crypto Policies
Donald Trump’s win brings bold promises for crypto. With plans to fire SEC Chair Gary Gensler, halt government Bitcoin sales, and explore a U.S. Bitcoin reserve, his roadmap has crypto enthusiasts buzzing.
In a series of bold promises, newly elected U.S. President Donald Trump pledged to reshape the cryptocurrency landscape using the Trump’s ten Promises, setting the stage for a potential transformation of the industry.
With goals that range from policy reforms to new asset management strategies, Trump laid out a roadmap that could make the United States a global cryptocurrency leader. His proposals, as Wu Blockchain on X highlighted, include firing SEC Chair Gary Gensler and making the U.S. the “world’s cryptocurrency capital”
First on Trump’s Ten Promises
One of Trump’s first moves is to replace SEC Chair Gary Gensler, whose strict approach to crypto regulation presented a roadblock for the industry. This change would aim to ease the regulatory burden on crypto businesses, potentially boosting innovation and investment in the sector.
Alongside this, the president-elect plans to implement a “comprehensive cryptocurrency policy” that clearly defines the roles of regulators, ensuring businesses operate with clear guidelines. In addition, he will prevent the U.S. government from selling Bitcoin holdings, which signals a commitment to treat the coin as a valuable, long-term asset rather than a commodity to be liquidated.
Trump opposes further development of a central bank digital currency (CBDC) in the U.S., citing concerns about personal privacy and government control. Instead, he suggests the establishment of a “strategic Bitcoin reserve,” a novel approach that could position the apex coin as a hedge asset in national finances.
International investors and blockchain businesses believe these proposed reforms create a more predictable environment in which the federal government will protect and value digital assets.
Promoting Innovation and Reducing Barriers
In an even more ambitious pledge, he promised to “cease hostilities against cryptocurrency within an hour of taking office.” This change in strategy could position the U.S. as a haven for crypto projects, drawing in both domestic and foreign innovators who have faced strict regulations elsewhere. Trump has also promised to end what he calls the U.S. government’s “unlawful crackdown” on cryptocurrency, aiming to stop restrictive measures that have hampered the industry’s growth.
Beyond regulatory changes, Trump envisions using cryptocurrency to tackle national debt issues, a novel suggestion that, while controversial, reflects a belief in the economic potential of digital assets. Finally, Trump has promised to consider reducing the sentence of Silk Road founder Ross Ulbricht, a move that could symbolize a broader approach toward reevaluating past actions against crypto figures.
Trump’s vision has stirred excitement within the crypto community, with supporters describing it as a “blessing for crypto”. As the world watches, these promises signal a dramatic shift that could place the U.S. at the forefront of cryptocurrency innovation.
