His relaxed regulatory approach has contributed to the stability of Bitcoin prices, preventing significant declines amid market volatility from other economic factors.

His administration has made significant strides, including the removal of SEC Chair Gary Gensler, the establishment of a national Bitcoin Reserve, and the appointment of venture capitalist David Sacks as the White House AI and Crypto Czar.

On April 10, 2025, Trump signed legislation simplifying tax reporting requirements for crypto transactions, easing compliance for investors.

Earlier, on January 23, 2025, he signed an executive order prohibiting the development of a U.S. central bank digital currency (CBDC), reinforcing Americans' rights to hold and mine cryptocurrency.

In just over 75 days into his second term, President Trump has aggressively pursued his campaign promises regarding cryptocurrency, aiming to reshape the digital asset landscape in the U.S.

Trump's Bitcoin Reserve strategy also includes plans to hold various crypto tokens, which could help stabilize the dollar's dominance in global markets.

However, while these changes have generated enthusiasm in the digital asset industry, concerns remain about potential favoritism towards large market players and the lack of oversight in a volatile sector.

These initiatives are part of Trump's broader goal to end what he calls the 'Biden War on Crypto,' focusing on repealing restrictive regulations from the previous administration.

His policies have garnered some bipartisan support, with certain Democratic representatives showing interest in innovative blockchain policies.

The Department of Justice has shifted its focus away from prosecuting cryptocurrency companies, aiming to reduce regulatory burdens and promote responsible innovation in the sector.

As the current Bitcoin halving cycle approaches its conclusion, the future of crypto businesses in the U.S. appears promising, with expectations of fewer legal risks and ongoing support for market growth.

The Strategic Bitcoin Reserve will treat seized bitcoin as a strategic asset rather than liquidating it, with the goal of accumulating bitcoin to enhance U.S. competitiveness against nations like China.