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Bitcoin is back in the spotlight as U.S. President Donald Trump doubled down on his support for digital assets. As part of his broader Trump crypto policy, he promised more favorable legislation that could position the United States as a global leader in blockchain innovation. The remarks fueled a modest price recovery, lifting BTC from under $107,000 to nearly $108,000.
Trump Declares End to Biden’s ‘War on Crypto’
Speaking at a recent event, Trump proudly accepted the label of the “first crypto President” and claimed his administration had ended what he called President Biden’s war on crypto on day one. Key among the changes was replacing former SEC Chair Gary Gensler with Paul Atkins—ushering in a more crypto-friendly regulatory era.
Trump highlighted the SEC’s shift in tone, including its decision to drop lawsuits against major firms like Coinbase, Binance, and Kraken. He credited these moves with empowering American innovators and allowing the crypto sector to grow without fear of overregulation.
Bitcoin’s modest price rebound came shortly after Trump’s comments were shared widely, signaling renewed investor confidence in the evolving policy landscape.
A Bold Vision for the Future of Crypto
Trump’s crypto agenda includes establishing a national Bitcoin reserve, building a digital asset stockpile, and introducing the GENIUS stablecoin bill. He emphasized that upcoming Trump crypto policy initiatives will center on creating “clear and simple market frameworks” to ensure U.S. dominance in the global crypto economy.
While Bitcoin remains a few percentage points below its May 22 all-time high, Trump’s promises have sparked optimism across the industry. As crypto becomes an increasingly central issue in U.S. policy debates, market participants are watching closely for what comes next.
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