In the first five months of the second Trump administration, the commander-in-chief passed several pro-Bitcoin executive orders, calling for the establishment of a strategic Bitcoin reserve in the U.S. Treasury, the banning of CBDCs, and the protection of Bitcoin miners’ rights.
More broadly, the U.S. Securities and Exchange Commission (SEC) ratcheted back regulations on digital asset firms and holders under President Trump, dropping its enforcement actions against several major crypto exchanges, including Kraken and Coinbase.