Trump's Cryptocurrency New Policy Intensively Launched: Relaxing Regulations and Strategic Reserves in Parallel
Since 2025, the Trump administration has continued to promote policy innovations in the cryptocurrency field, from relaxing regulations and strategic reserves to legislative norms, working hard to fulfill the promise of "making America the capital of cryptocurrency."
In terms of core policies, Trump signed an executive order in January to establish a digital asset working group, banning central bank digital currencies (CBDC) and exploring the establishment of a national cryptocurrency reserve. In March, he announced the inclusion of five cryptocurrencies, including Bitcoin and Ethereum, into the strategic reserve, and the government's holding of 200,000 Bitcoins would no longer be sold, a message that once pushed the market's market value to soar by $300 billion. In May, the Department of Labor completely withdrew the warning issued during the Biden administration regarding the investment of 401(k) plans in cryptocurrencies, granting employers investment autonomy. In July, Trump signed the "Genius Act," establishing a federal regulatory framework for stablecoins, requiring issuers to hold an equivalent amount of short-term U.S. Treasury bonds as reserves.
Behind the policy shift is the enormous donations from the cryptocurrency industry during the election period. Although the market reacted positively to the favorable policies, controversies persist: critics worry about the risks involved in retirement savings, that lax regulations may lead to risks, and that the Trump family’s involvement in cryptocurrency businesses may breed conflicts of interest. Currently, the U.S. cryptocurrency regulatory framework is still being improved, and the subsequent development of the industry and the effectiveness of policy implementation are under close attention.
