Trump's Crypto Strategy: Will Political Infighting Pose a Threat to the Strategic Bitcoin Reserve?
Heading into 2025, it looked like the incoming Trump administration had a broad mandate to shake up the crypto industry. And, indeed, in his first 100 days, President Donald Trump signed a number of executive orders that were cheered on by the crypto industry, helping to send Bitcoin (CRYPTO: BTC) higher.The big one was an executive order in March mandating the creation of a U.S. Strategic Bitcoin Reserve. But then came details about the Trump family's involvement in a number of new crypto ventures. As a result, bipartisan consensus on crypto is very much at risk. So what does this mean for Bitcoin and the Strategic Bitcoin Reserve?The first public signs of political infighting flared up in early May, when both the House and Senate were supposed to hold meetings on proposed new crypto legislation. The House was meeting to discuss a comprehensive new regulatory framework for the crypto industry, while the Senate was scheduled to vote on new stablecoin legislation.Continue reading
Heading into 2025, it looked like the incoming Trump administration had a broad mandate to shake up the crypto industry. And, indeed, in his first 100 days, President Donald Trump signed a number of executive orders that were cheered on by the crypto industry, helping to send Bitcoin (CRYPTO: BTC) higher.
The big one was an executive order in March mandating the creation of a U.S. Strategic Bitcoin Reserve. But then came details about the Trump family's involvement in a number of new crypto ventures. As a result, bipartisan consensus on crypto is very much at risk. So what does this mean for Bitcoin and the Strategic Bitcoin Reserve?
The first public signs of political infighting flared up in early May, when both the House and Senate were supposed to hold meetings on proposed new crypto legislation. The House was meeting to discuss a comprehensive new regulatory framework for the crypto industry, while the Senate was scheduled to vote on new stablecoin legislation.
