The crypto industry has observed a significant shift in policy and tone during the first 90 days (03 months) of Donald Trump’s presidency. The administration has announced bold promises related to crypto, ranging from executive orders to regulatory shakeups. With these regulatory shifts, skepticism also rises along with optimism. Especially, the builders who were there to seek more than just good headlines raised the questions.
Trump’s Bitcoin ($BTC) Reserve Policy and Regulatory Shakeups
The crypto giants like Coinbase, Robinhood, and Ripple were getting notified of the dropped key regulatory lawsuits. The administration made these waves to represent a major shift from the previous crackdown approach. Through Congress, a stablecoin bill was introduced in tandem with the launch of the new Crypto Task Force (CTF) by the SEC. This advancement was taken under the leadership of Hester Peirce, a crypto-friendly Commissioner.
The phrase “Strategic Bitcoin Reserve” was the most attention-grabbing announcement that highly influenced the crypto market. This initiative was funded by seized assets which solidified the reputation of the U.S. as the largest Bitcoin ($BTC) holding sovereign. This advanced step has underscored a dramatic leap, positioning digital assets as legitimate at the national level.
Crypto Builders Striving for True Reformation
The fundamental issues are on the surface despite all the curiosity and buzz. The crypto enthusiasts and startups are still in a state of uncertainty. They are losing confidence significantly around staking, Altcoin ETFs, and token launches. The bullish sentiments were triggered by these symbolic steps, but the developers are still in a condition of disagreement.
According to critics, the SEC’s Crypto Task Force has lacked substance, although it has completed its first public roundtable. They believed that it did not possess that much of clarity needed by builders. The first 90 days of Trump’s administration aimed to rebrand the stance of America related to crypto. The crypto community is now waiting and watching for the reformation with caution and hope.
