In the early months of 2025, U.S. President Donald Trump has quickly solidified his pro-crypto stance, delivering on promises made during his election campaign. Through a series of executive orders and key appointments, Trump has laid the groundwork for sweeping crypto reforms in the United States. This article provides a breakdown of these developments, showcasing how the Trump administration is taking bold steps to shape the future of digital currencies in the U.S.
January: U.S. Crypto Reforms Take Shape
Trump’s second term began with the signing of an executive order (EO) aimed at reshaping U.S. crypto regulations. This EO established the formation of a crypto working group, tasked with providing a comprehensive report on crypto regulations and stablecoins by July 2025. The EO also addressed the controversial topic of a U.S. dollar central bank digital currency (CBDC), with the administration opting to ban its creation. This move diverges sharply from global trends, where many countries are exploring the development of their own CBDCs.
Additionally, Trump ordered the creation of a national digital asset stockpile, which would include various cryptocurrencies like Bitcoin and Ethereum. In March, two additional EOs officially set up crypto reserves, solidifying the U.S. government’s position in the digital asset space.
Furthermore, the repeal of the Staff Accounting Bulletin No. 121 (SAB121) marked a significant victory for the crypto industry, especially for companies engaged in digital asset holdings. This regulatory change paves the way for greater clarity and less restrictive rules around digital assets.
Key Appointments and Pro-Crypto Appointments
Trump made several high-profile appointments that further signaled his commitment to crypto reforms. Former PayPal executive David Sacks was appointed as the AI and Crypto Czar, tasked with overseeing the integration of digital assets into the U.S. economy. Meanwhile, Caroline Pham was named acting Chair of the Commodity Futures Trading Commission (CFTC), and Scott Bessent took on the role of Secretary of the Treasury. These appointments were instrumental in creating a pro-crypto environment in Washington.
Moreover, the appointment of Tim Scott as Chairman of the Senate Banking Committee allowed for the establishment of the Senate’s first-ever crypto-focused subcommittee. This subcommittee was led by Cynthia Lummis, a prominent advocate for Bitcoin (BTC), and marked the beginning of serious legislative efforts to explore crypto-related policies.
February: SEC’s Crypto Reversal
In February, the Securities and Exchange Commission (SEC) made headlines with its reversal of previous regulatory stances. Once viewed as an opponent of cryptocurrency, the SEC began dismissing cases against major players like Binance, Coinbase, and Robinhood, signaling a shift in regulatory attitude. This is an encouraging sign for the industry, as the SEC’s actions laid the groundwork for a more open and friendly regulatory environment for crypto in the U.S.
March: Strategic Bitcoin Reserve
March proved to be a landmark month for crypto developments under Trump’s administration. On March 6, the White House hosted the first-ever Crypto Summit, bringing together industry leaders, regulators, and policymakers to discuss the future of the U.S. crypto sector. At the summit, Trump unveiled plans to establish a Strategic Bitcoin Reserve, capitalized by the 198,012 BTC that the U.S. government has seized over the years. This reserve would solidify the U.S.’s position as a major player in the crypto space.
Trump also signed another EO that created a U.S. Digital Asset Stockpile, expanding the nation’s crypto holdings to include not only Bitcoin but also other digital assets such as Ripple (XRP), Solana (SOL), and Cardano (ADA).
In addition, the reintroduction of the Digital Commodity Exchange Act (DCEA) sought to expand the remit of the CFTC in regulating crypto markets, providing clarity and consumer protection for digital assets traded in the U.S.
What to Expect in 2025
Looking ahead, 2025 promises to be a pivotal year for crypto in the U.S. With Paul Atkins still awaiting confirmation as the new SEC chair, progress on crypto legislation may slow temporarily. However, upcoming crypto roundtables will focus on decentralized finance (DeFi) and tokenization of real-world assets (RWAs), signaling continued innovation in the sector.
Overall, Trump’s efforts in Q1 2025 have set the stage for significant crypto reforms, ushering in a new era of digital currency adoption in the U.S. These bold initiatives signal a clear departure from the more cautious stance taken by the previous administration, potentially marking the beginning of a major shift in U.S. policy towards cryptocurrencies.
Featured Image: Freepik @ produtizebro
