Year: 2025

The post Trump Administration Supports Crypto, Establishes Bitcocom. Key Points: Main event, leadership changes, market impact, financial shifts, or expert insights. U. S. forms strategic Bitcoin reserve. Support for private cryptocurrencies bolstered. U. S. President Donald Trump has publicly endorsed cryptocurrencies, marking a strategic shift from Central Bank Digital Currencies while bolstering Bitcoin’s status as part of America’s digital asset reserves. This highlights a significant U. S. policy transition favoring private digital currencies, with potential market boosts to Bitcoin and Ethereum, as Trump aims for U. S. digital asset dominance. Bitcoin Price Dynamics Amid U. S. Policy Shifts President Trump announced the establishment of a National Bitcoin Reserve to propel the U. S. to the forefront of digital asset innovation. This directive includes prohibiting central bank digital currencies (CBDCs). Trump’s administration emphasizes a clear regulatory path for private digital currencies, moving towards making America the crypto capital of the world. Immediate changes include banning CBDC development and enhancing digital asset innovation frameworks. Federal reserves now hold Bitcoin, signaling comprehensive financial shifts. The administration is actively redirecting focus from CBDCs. Insights from recent discussions suggest this move aligns with shifting economic policies. The announcement resulted in mixed reactions from various sectors. Industry participants applaud the support for digital assets and regulatory clarity. As Arthur Hayes, Former BitMEX CEO, remarked, “Sovereign-level BTC adoption would forever change the game.” “GENIUS Act is going to make America the UNDISPUTED Leader in Digital Assets Nobody will do it better, it is pure GENIUS! Digital Assets are the future, and our Nation is going to own it.” Donald J. Trump, President of the United States. Market Overview Did you know? The U. S. ban on CBDCs aligns with historic skepticism about centralized digital coins, reflecting a preference for private digital currencies. Bitcoin (BTC) is valued at $103,434. 45 with a market cap of (2062909844827. 33). Market dominance stands at 59. 83% per.