Donald Trump first signaled he would be a pro-crypto President with his rousing speech before the annual Bitcoin Conference in Nashville last July, at which he likened the crypto-verse to "the steel industry of 100 years ago."

Not only did he promise to ensure that America would become "the crypto capital of the planet and bitcoin superpower of the world," he drew "rapturous" applause by announcing his intention to fire then-Securities and Exchange Commission (SEC) Chair Gary Gensler, who oversaw agency rulings detrimental to digital tokens and to file lawsuits against bitcoin exchanges.

Trump became the first presidential winner to accept campaign contributions in cryptocurrencies. Among them, high-profile figures like Cameron and Tyler Winklevoss, co-founders of the Gemini crypto exchange, contributed $1.6 million in Bitcoin to his campaign, while Kraken co-founder Jesse Powell donated $845,000 in Ether.

The 2024 election also saw at least 240 pro-crypto candidates winning seats in Congress, signaling that the U.S. government in 2025 might be the most pro-crypto in history. Anastasija Plotnikova,, CEO and co-founder of Fideum, said the election "paves the way for harmonized crypto regulations that will drive innovation, boost competition, and incentivize talent to return."

After promising during the campaign he would "ensure that the United States will be the crypto capital of the planet," upon his victory, President Trump followed through with a series of actions, not the least of which was promoting his own cryptocurrencies.

His nomination of Scott Bessent as Treasury Secretary was hailed by Ripple CEO Brad Garlinghouse lauded as "the perfect........

© International Business Times