The post Crypto News Today: Pro-Crypto Leaders Take Over White House Under Trump appeared first on Coinpedia Fintech News
Donald Trump’s victory in the U.S. presidential election has brought a major shift in the government’s stance on cryptocurrency. During his campaign, Trump promised to support the industry with pro-crypto policies. Now, speaking at the Future Investment Initiative Priority Summit in Miami, he announced that his administration has ended what he called the Biden administration’s “war” on crypto through executive orders.
What’s next?
U.S. Establishes Special Crypto Task Force
One of the first actions taken by the new administration is the creation of a special cryptocurrency task force under the U.S. Securities and Exchange Commission (SEC). This group is expected to develop clearer regulations for the crypto industry, bringing long-awaited clarity for businesses and investors.
Crypto Reserve in the Making?
Speculation is growing that the government may be working on creating a national cryptocurrency reserve. While details are unclear, such a move would signal a major shift in how the U.S. handles digital assets.
Trump has reaffirmed his commitment to making the U.S. a global leader in crypto. His administration is pushing for policies that encourage growth in the industry, and recent actions suggest this goal is a priority.
— Coinpedia (@CoinpediaNews) February 20, 2025
#Trump vows to establish the U.S. as the global hub for #cryptocurrency innovation.#CoinPedia #CryptoNews #Blockchain #CryptoMarket pic.twitter.com/dHhqkf4l4C
Ending ‘Biden’s War on Crypto’
Under previous SEC Chair gary gensler 
gary gensler
Gary Gensler is a pioneer and the current chair of the U.S. Securities and Exchange Commission. He has extensive experience that spans Wall Street, government regulation, and an angel teaching about cryptocurrencies and blockchain at MIT. Gary S. Gensler was on born October 18, 1957, in Baltimore, Maryland.He graduated from Pikesville High School in 1975, where he was later given a Distinguished Alumnus award. He also earned a degree in economics.Gensler served in the United States Department of the Treasury as Assistant Secretary for Financial Markets from 1997 to 1999, then as Undersecretary for Domestic Finance from 1999 to 2001He has expressed his desire to present crypto-related approach changes later on that include token commitments, decentralized finance, stablecoins, guardianship, exchange-traded resources, and advancing stages.
Chairman
the agency cracked down on the crypto industry with legal battles and heavy fines. At Biden’s direction, the SEC took major firms like Binance and Coinbase to court, even forcing Binance to shut down its U.S. operations. Trump now claims that his executive orders have reversed this restrictive approach, allowing the industry to move forward.
It’s a Fresh Start for Crypto
Industry leaders are responding positively to the new administration. Binance CEO Richard Teng, speaking at the Consensus Crypto Conference, said the shift has given the crypto sector much-needed relief, calling it a “fresh restart.”
Pro-Crypto Leaders Take Key Government Roles
Trump has also placed crypto-friendly figures in top government positions. The latest is Howard Lutnick, who was recently appointed U.S. Commerce Secretary. This move strengthens the administration’s push for a more crypto-friendly environment.
With regulatory changes, industry-friendly leadership, and new policies, Trump’s administration is positioning the U.S. as a major player in the crypto space. Whether these efforts will lead to long-term success remains to be seen, but for now, the industry is watching closely – and reacting positively.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
0 Comments