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The Trump administration has taken a bold stance on the crypto industry, signaling a shift toward innovation-friendly policies and clearer regulations.
Key appointments and initiatives have already generated optimism among blockchain proponents, predicting a transformative period for the blockchain sector.
On Saturday, President Trump’s second son Eric Trump emphasized growing optimism about cryptocurrencies, tweeting that “a new era of crypto innovation in America is just beginning.”
The statement came after an inaugural dinner featuring key industry leaders, where newly appointed White House “crypto czar” David Sachs said, “The reign of terror over crypto is over.” , signaling a shift from years of regulatory crackdown.
Notably, Sachs, who was appointed on December 6, 2024, brings extensive experience as an experienced venture capitalist, technology entrepreneur, and blockchain innovation advocate. As co-founder of Craft Ventures, Sacks has supported notable blockchain initiatives such as BitGo, Lightning Labs, and Bitwise. Sachs is also a member of the famed PayPal Mafia, credited with helping create groundbreaking companies such as Tesla, SpaceX and YouTube.
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Under President Trump’s cryptocurrency promotion policy, Sachs will chair the newly established Cryptocurrency Council. The organization includes more than 20 leaders from leading companies such as Coinbase, Kraken, Ripple, and a16z, and will discuss crypto regulation, digital asset adoption, and even proposed policies regarding Bitcoin reserves. will be instructing you. Beau Hines, a 29-year-old former football player, will serve as executive director of the council, which is expected to begin operations immediately after President Trump’s inauguration on January 20.
The incoming administration also attracted attention for strategically appointing leaders who are pro-cryptocurrency supporters. Paul Atkins, a vocal advocate of cryptocurrencies, is set to replace outgoing SEC Chairman Gary Gensler. Atkins’ leadership is expected to repeal several anti-cryptocurrency policies implemented under the Biden administration.
Gensler, whose tenure as SEC chairman was notable for aggressive enforcement actions against crypto companies, announced on January 20 that he would step down. This change in leadership signals a possible rollback of restrictive policies, paving the way for a more cooperative approach to crypto regulation.
There is also growing speculation about the possibility of establishing a national Bitcoin reserve, an idea that has been strongly advocated by MicroStrategy’s Michael Saylor and other industry leaders. As of January 19th, seven US states have proposed creating their own Bitcoin reserves, further increasing momentum in this effort.
Last July, President Trump teased the concept at the Bitcoin 2024 conference, saying the U.S. government had violated the ironclad rule of “never sell Bitcoin” for too long and promised dramatic changes. I want you to remember.
“If elected, it will be my administration’s policy to retain 100% of all Bitcoin currently held or acquired by the U.S. government into the future. ” he said.
However, although no formal plans have been confirmed, the proposal has shocked the crypto community, with supporters seeing it as a potential milestone towards Bitcoin’s global adoption. .
