Trump rewrites the crypto reigns the first 100 days, the industry sees “180 pivot”

While President Donald Trump reached the 100 -day mark this week for his second term, his number of approval was less than that of any administration at this stage in addition to seven decades.

Do not say it to the cryptographic community.

Trump introduced himself to his duties on a promise to do America “the world capital of cryptography”. Those who have taken this message say that it is already delivered, or at least took a hot start.

An executive actions, strategic appointments and early victories, of the creation of a Bitcoin The reserve of the retraction of dry tactics, heavy of the application, left the industry more welcome to Washington, DC, than ever.

“Each meeting – I am satisfied from a point of view of cryptography,” said Nic Carter, founding partner of Castle Island Ventures. “The previous financial regulation device was died against the crypto, and now it was a total of 180 compared to this.”

President Trump was faced with a return of early flowers after having proposed the possibility of a strategic crypto reserve which would go beyond bitcoin and include other digital currencies like Ether, XRP, Solana's Token and Ada de Cardano. The skeptics said that taxpayers' dollars should not be spent on such risky assets. The president quickly reduced the plan to focus only on Bitcoin and said that he would not use taxpayers' funds to support a government purchasing strategy.

He was also criticized by some for launching a piece of memes which added billions of dollars in paper wealth at its net value. The $ Trump token jumped earlier this month after its website announced that the best holders are invited to a private dinner with the president. His family is also involved in other crypto projects.

“It doesn’t really help make members of his family make their own projects,” said Carter. “I understand that they are interested in industry and want to get involved with him, but optics are not so favorable to this.”

But for the most part, this behavior is ignored because the cryptographic industry prefers to concentrate its attention elsewhere while approval of the president of the president is only 43%According to an average of recent national polls.

At the office of the currency controller, Jonathan Gould reported his support for the issue of new banking charters to cryptographic companies. During the presidency of President Joe Biden, it was almost unthinkable.

“We will see a lot of new cryptographic companies obtaining bank charters,” said Carter. “And new banks have configured that are expressively focused on crypto and stablecoins.”

The Federal Deposit Insurance Corporation, under the interim president Travis Hill, also makes movements. Crypto fans have applauded his efforts to expose what the initiates of the industry call “Choke Point 2.0”, a coordinated effort presumed by regulators during the presidency of Biden to put pressure on the banks to break the links with the crypto.

Paul Atkins, the new President of the SEC, represents a striking contrast with the predecessor Gary Gensler, who was a notorious during the cryptographic regulations and the application. Carter said that the dry under Atkins had already started working directly with the stakeholders of the crypto, including Castle Island, to develop advice on the emotable broadcast and the line between titles and basic products.

“This is the clarity we ask for,” said Carter. “Even less than a legislative solution, I think that the SEC will come out with real advice around tokens and how a national cryptography company can work.”

Atkins made its first public appearance just four days of work by opening a cryptographic round table – a decision that sent a clear signal to industry participants. Last week, Atkins organized a session of half a day at the SEC headquarters in Washington, DC, focused on innovation and cryptography guard. The event took place for weeks after the regulator officially abandoned its long -standing trial against Ripple, a symbolic end to a four -year battle between the SEC and the cryptography industry.

Veronica McGregor, exodus legal chief and a participating in the Cryptographic Round Table, echoed Carter's feeling by calling the approach of a “pivot of 180”.

“The simple fact of having the round tables is a little surprising and refreshing,” said McGregor, who contributed to the standing group of political advocacy with Crypto during the 2024 campaign. “Since we have an administration that boasts as pro-Cryptto and make changes that must be made, I would say that these gifts have been strategically placed and are putting their fruits.”

Trump hit Brian Quintenz, currently the Crypto Group Policy Manager of the venture capital company Andreessen Horowitz, to lead the Commodity Futures Trading Commission.

Carter warned that the federal reserve remains a “structural holdout”. Although banks can now hold the crypto, thanks to the repeal of an accounting rule called SAB 121, they still cannot work directly with cryptographic companies “unless the Fed said,” said Carter.

The FDIC and the WOT have canceled their anti-Crypto directives, but the federal reserve has only Bost partially followed. A notice of January 2023 continues to restrict banks of certain activities related to crypto.

“The Fed is always the blockman of banks to deal with Stablecoins for the crypto,” said Carter.

However, industry has largely obtained what it wants.

Jamming CEO Brian Armstrong was among the biggest donors in the 2024 electoral cycle and did his second job to try to have elected cryptographic candidates. Paul Grewal, the company's legal leader, said the Trump administration “really overthrew the scenario on Crypto”.

“It was not so long that we had an administration which was not only skeptical about this entirely new technology, but which was in fact hostile,” said Grewal. “Now we have a white house and a wider administration which not only welcomes digital assets and blockchain -based technologies, but adopting it in different ways, and which has really stood out in the first 100 days.”

Grewal also underlined a certain bipartite momentum at Congress, including bills on stablescoins and the structure of the market.

“We have a problem, it seems, where the White House, with the Republicans on the hill, worked with democrats in the two chambers of the congress to obtain legislation on digital assets in moving,” said Grewal.

Grewal praised the dry to request the public's contribution and open the door to the participation of industry on subjects such as the market care and structure.

Faryar Shirzad, Director of Coinbase policy, said that the administration had already met two basic expectations: ending the regulatory repression of the crypto and working with the congress to give clarity.

He said he was pleasantly surprised by the scope of administration's ambitions to go beyond Bitcoin and integrate blockchain technology through the wider financial system.

“They move much more aggressively to try to implement the technology of cryptography and blockchain on the wider capital markets,” he said. At the SEC, he said, this includes the tokenization of the equity market and the examination of the way in which this is part of traditional regulatory frameworks.

Shirzad also noted that banking regulators have started exploring the blockchain -based payment systems. Beyond the cryptography market of 3 dollars, he said that the administration’s objective seems to be the capital markets of 100 billions of dollars, “and I think that is something that people should pay particular attention.”

Ripple's Legal Director of Ripple, Sta Alderoty, now president of the National Cryptocurrency Association, said that internal data show that 73% of American crypto holders want to see the country's world leader.

“Government and industry can now leave the courtroom and invest in what the United States is doing best – innovation,” Alderoty told CNBC.

Fred Thiel, CEO of Bitcoin Mining Firm Mara Holdingsunderlined the first victories for its industry tranche. He said that administration support for mining technology allows companies to “strengthen the American economy and network”.

Thiel, which participated in the first summit of digital assets in the White House, praised the rapid appointment of Pro-Crypto officials and the launch of the President's advisers on digital assets.

Dan Lawrence CEO of the OBM, which manages energy consumption for mining farms on an industrial scale, said that the pro-energy position of administration has made Bitcoin a natural tool to encourage a new electrical infrastructure.

“Bitcoin is a great way to encourage the construction of this power,” said Lawrence. “It's really great to see Bitcoin recognized at the federal level.”

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