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Trump Declares End to Biden’s Crypto Policies
By Wayne Jones | Published February 20, 2025
Since taking office in November last year, Donald Trump has been vocal about his support for digital assets and cryptocurrencies. In a recent address at the Future Investment Initiative Institute conference in Miami, the President officially declared an end to the previous administration’s apparent hostility towards the crypto industry.
According to reports from the event, Trump directly linked Bitcoin’s recent record highs – with the O.G cryptocurrency surpassing $109,000 in value – to his administration’s efforts. The statement underscores the White House’s commitment to fostering a pro-crypto environment, effectively ending what many perceive as unfair regulatory practices by agencies like the Securities and Exchange Commission (SEC).
As part of his vision for a crypto-friendly America, Trump has already signed an executive order titled “Strengthening American Leadership in Digital Financial Technology.” This move established a federal working group dedicated to developing a clear legal structure for digital assets. Many experts believe this marks the beginning of the end for the restrictive regulatory landscape that hindered growth and innovation within the industry.
The President’s remarks were met with enthusiasm by attendees at the event, who applauded his pro-crypto stance. It is no surprise, therefore, that prominent lawmakers are already moving to draft regulatory frameworks that will support the sector’s growth.
In a departure from past administrations, Trump has not only spoken positively about cryptocurrencies but has also become actively involved in the market himself. Prior to his inauguration, he launched the TRUMP meme coin, which quickly gained widespread attention and ballooned in value. More recently, World Liberty Financial – a decentralized finance (DeFi) company closely tied to Trump’s family – has embarked on a significant crypto-buying spree.
The company now holds over $348 million worth of cryptocurrencies, including USDC, TRX, ETH, and AAVE.
Source: cryptopotato.com
