The Trump administration and the new crypto policy in the US
Donald Trump’s return to the presidency in January 2025 brought with it significant changes in the US government’s approach to crypto. In contrast to the Biden administration, which is considered less-friendly, Trump declared an ambition to make the US the “crypto capital of the world”.
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Immediately upon taking office, Trump issued a presidential order ordering a review of the establishment of a “national bitcoin reserve”. A new appointment to head the SEC was less hostile to crypto than Gary Gensler. The US Federal Reserve has been instructed to examine the digital CBDC.
What does this mean for the market?
The new administration has created an atmosphere of optimism in the crypto market. Regulatory uncertainty has fueled the crypto market for years – with a pro-crypto government, it’s possible that companies will open handles and renew services they’ve been denied. Exchanges such as Coinbase and Kraken have received extended permits to operate.
The SEC under new management
The regulator responsible for overseeing securities in the US has changed its tone. Lawsuits filed against crypto companies have been closed or suspended. The “enforcement as regulation” approach that characterized the Biden-Gensler administration has given way to an approach that seeks to establish clear rules.
Israel in the global context
In Israel, regulators closely follow the American developments. The global trend towards clearer regulation (rather than the extinction of crypto) is strengthening. Read about the state of regulation in Israel.
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