Trump’s got big plans for crypto, starting with a series of executive orders that he could sign as soon as he arrives at the White House on January 20.
We look at what he plans to do and how his policies could spark a monster crypto rally in 2025.
First Month: Immediate Actions and Executive Orders
Day-One Agenda
The first 30 days of a Trump presidency could herald dramatic changes for the cryptocurrency landscape, with digital assets taking center stage as a national priority.
What does this mean? Setting crypto as a national priority would guide government agencies to work more closely with crypto companies.
There are also rumors that the Trump Administration could issue a directive for all government agencies to review existing policies about digital assets and possibly pause any lawsuits involving crypto. Such a move would do wonders to restore confidence in the government’s approach towards crypto and could set the stage for a new era in digital assets.
Presidential Crypto Council
Trump’s administration also plans to establish a 20-member Presidential Crypto Council immediately upon taking office.
Composed of industry leaders, this council would serve as the cornerstone of the administration’s crypto strategy, ensuring policies align with both industry needs and national interests.
In short, this council would act as a forceful advocate for crypto within the administration.
Shorter-Term Proposals: Industry Growth & Legal Frameworks
Going forward, Trump has also pledged to resolve a number of issues regarding the crypto industry. While these may take longer to accomplish, they would set the framework for stable, long-term growth for the industry in the United States.
Banking and Financial Integration
A critical early focus would be addressing the contentious SAB 121 legislation—previously vetoed by the Biden administration. This revision could mark a watershed moment for crypto banking, potentially enabling traditional banks to hold and custody digital assets.
Under the Biden administration, banks were discouraged from offering services to crypto companies, and in many cases “debanked” them and their founders, shutting their accounts and essentially blocking them from accessing financial services in the U.S. altogether.
As Frank Chaparro, early Bitcoin investor and director of special projects at The Block, notes: “We’re seeing a seismic shift in the approach and tone of government and regulatory agencies. The entire market is relieved. What this means, practically, is that banks will finally be able to engage with crypto—something they’ve been told they couldn’t do for the past four years.”
Initial Regulatory Reforms
In the administration’s first month, three immediate priorities could shape the crypto landscape for the next few years.
First, addressing crypto de-banking is key, as the administration could seek to tackle the widespread issue of traditional banks potentially terminating accounts of crypto-related businesses. Resolving this issue might significantly boost market legitimacy and accessibility.
Second, accounting standards reform could be on the table, as the administration may aim to address the current classification of cryptocurrencies as liabilities under accounting rules, which has created reporting challenges for crypto firms. A new approach could establish more accurate valuation practices that better reflect the unique nature of digital assets.
Finally, the SEC’s review and enforcement strategy might be reevaluated. Under new leadership, the SEC could review ongoing cryptocurrency-related enforcement actions, with cases not involving fraud potentially being frozen or withdrawn, signaling a shift toward a more nuanced, targeted approach to regulation.
Support for Crypto Startups & Bitcoin ETFs
Another core component of Trump’s crypto agenda is positioning the U.S. as a global crypto hub.
This will include efforts to support crypto startups, potentially through grants or tax incentives, and backing the continued growth of U.S.-based Bitcoin ETFs.
With over $36 billion of inflows into products like BlackRock’s iShares Bitcoin Trust, the Trump administration will likely look to expand on this success, potentially working to streamline regulations around cryptocurrency-related financial products.
Ease Mining Regulations
Trump has also pledged to ease mining regulations to allow for more domestic industry growth.
His focus will be on ensuring that the U.S. remains competitive in the global crypto mining space and that the country can retain “Made in the USA” Bitcoin.
This initiative is expected to be prioritized relatively early in his term.
Longer-Term Proposals: Strategic Investments & National Policy Shifts
The National Bitcoin Reserve Proposal
One of Trump’s more long-term crypto strategies is the idea of creating a National Bitcoin Reserve, utilizing seized assets to build Bitcoin holdings.
This concept, while bold and speculative, would likely take a year or more to develop and implement.
It would require significant coordination between multiple government agencies and possibly new legislative frameworks, especially considering the complexity of current financial and regulatory systems.
Individual US states have already begun pursuing feasibility within their jurisdictions.
Balancing Innovation with Consumer Protection
As Trump pushes for a more crypto-friendly regulatory environment, consumer protection will remain a key challenge.
Developing a robust framework to protect consumers without stifling innovation will likely require coordination with lawmakers, financial regulators, and industry leaders.
Given the complexity and potential political gridlock, the push for such reforms is likely to take a longer time to bear fruit, possibly over the course of the first year or more.
Implementation Challenges & Looking Forward
The path to implementing these proposals will face significant hurdles.
Existing regulatory frameworks are deeply entrenched, and any major changes may be slowed by political opposition or legislative gridlock, particularly if Congress remains divided. Time constraints and balancing innovation with consumer protection will also present challenges in the first year.
That said, Trump’s aggressive stance on crypto reforms could set the stage for a larger, long-term transformation of U.S. digital asset policy.
If successfully executed, his agenda could position the U.S. as a global leader in the crypto space—though this will require careful strategy and cooperation across various fronts.
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