Weekly Wrap Donald Trump Addition
By Kapil Rajyaguru
Trump’s Executive Orders:
On January 23, 2025, President Donald Trump made a landmark move by signing an executive order to shape the future of cryptocurrency in the U.S. The order halts the development of a central bank digital currency (CBDC) and mandates a study on creating a national crypto stockpile, potentially including lawfully seized assets like Bitcoin. This CBDC ban could give stablecoins a strategic advantage.
SEC Policy Reversal:
Along with new crypto order, Trump also signed an executive order to create an AI action plan within 180 days to boost U.S. global AI dominance. The order also initiates the revocation of policies from Biden’s October 2023 AI executive order. Trump also established a working group to advise on crypto regulations, with a report due in six months. While some Bitcoin advocates are disappointed by the order’s lack of mention of “Bitcoin,” it signals a broader strategy to regulate and protect crypto in the U.S.
On top of this, the SEC rescinded the controversial SAB 121 rule, signaling a shift in regulatory approach under Trump’s administration. So, what does all this mean for the future of digital assets in the U.S.?
$TRUMP and $MELANIA Meme Coins:
Trump, the self-proclaimed “Crypto President,” has long promised to make America the “crypto capital of the planet” and Bitcoin’s superpower. His supporters have been waiting for this moment, and it’s finally here. But with Trump, you never know what’s coming next. Ruchi, let’s start with his surprise announcement of $TRUMP, his own meme coin, just two days before taking office.
Ruchi: That’s right, Vishakha. On January 17, 2025, Trump launched $TRUMP on Truth Social, and it took the crypto world by storm, reaching a $15 billion market cap in just days. But as expected, controversy followed. Allegations of insider trading emerged, and soon after, Melania Trump launched her own coin, $MELANIA, shaking things up even further.
Trump-Backed Financial Moves:
Yes, $TRUMP surged but then dropped by 48%, causing major market fluctuations. Some traders were skeptical, but Trump-backed World Liberty Financial made big moves, quietly buying around $200 million worth of Ethereum, signaling more institutional interest. Critics wondered why Trump chose Solana for $TRUMP while investing heavily in Ethereum. However, Solana saw $32 million in fees and added 9 million new wallets thanks to Trump’s move.
Market Reactions:
Then, on January 20, Trump took office, and there was disappointment in the air—no mention of cryptocurrency in his inauguration speech. Bitcoin briefly dropped from $109K to $102K. But Manoj, the market quickly rebounded. What do these key appointments, like Caroline Pham as acting CFTC Chair and Mark Uyeda as SEC Chair, mean for crypto regulations?
Pro-Crypto Actions:
These appointments signal pro-crypto moves. Trump’s crypto task force, led by “Crypto Mom” Hester Peirce, aims to bring clarity to crypto regulations. Plus, Trump granted a pardon to Ross Ulbricht, Silk Road’s founder, solidifying his ties with the crypto community. Trump also announced a $500 billion private-sector AI infrastructure initiative, boosting innovation in AI-powered crypto tools.
Elon Musk’s DOGE Moves:
Let’s not forget about Vivek Ramaswamy stepping down from his role at the Department of Government Efficiency (DOGE) to prepare for his Ohio Governor bid, leaving Elon Musk to lead. Musk’s DOGE surged after a new website launch, and now rumors suggest a potential Dogecoin ETF could be in the works.
That’s right, Ruchi. Musk’s DOGE is one to watch, especially with growing institutional interest in meme coins. Asset managers are already filing for ETFs tied to $TRUMP, DOGE, and other meme coins. The institutional shift is happening fast.
Ethereum & ETFs:
Speaking of ETFs, excitement is building around Ether ETFs as well. World Liberty Financial recently deposited $33 million worth of ETH into Lido Finance, fueling speculation about regulatory approval for staking in spot ETH ETFs. Hester Peirce even hinted at revisiting the staking feature for ETH ETFs.
State-Level Bitcoin Reserves:
Exactly, Vishakha. But let’s get to the burning question: Will Trump’s executive order on a national crypto stockpile lead to the U.S. creating a Strategic Bitcoin Reserve by the end of 2025? A BTC-only or crypto national reserve can’t be established overnight by stroke of a pen. However, Polymarket users give a 60% chance of a U.S. Bitcoin Reserve by 2025. Meanwhile, 12 states, including Texas, Florida, and Wyoming, have already introduced Strategic Bitcoin Reserve Bills, with others exploring the option. The momentum is building, but we’ll have to wait and see.
As Trump makes strides on his crypto promises, it’s clear the industry is at a turning point, shaped by political moves, innovation, and institutional interest. But for our viewers, the key takeaway is to stay informed and build your own strategic wealth reserves.
Key Market Players:
Absolutely. There are some key players driving the crypto world with their favorite coins. Michael Saylor sticks with Bitcoin, Trump is championing Bitcoin, Ethereum, TRX, AAVE, and launching coins on Solana, while Elon Musk has tethered himself to Dogecoin. So, keep Bitcoin, Ethereum, Solana, Dogecoin, TRX, AAVE on your radar, and consult your financial advisors on building a smart portfolio.
Concluding Remark: The future of digital assets is being shaped by Trump’s moves, regulatory shifts, and market forces. Stay informed, stay ahead, and make strategic decisions.
You need to login in order to Like
