Trump cryptomit shows that industry is in charge

President Donald Trump and his AI & Cripto Czar David Sacks speak at the Summit in White House Digital Property 7. March 2025. In Washington, DC Credit – Anna Monemater-Getty Pictures

“This is a very important day of your life,” said President Donald Trump on Cripto Heads in the White House, 7. Marta. Trump translated in the first life of the CRIPTO Summit, in which he and other cabinet officials collected some of the largest names in the CRIPTO to arrange the presidential support for the industry and hearing ideas and legislation. The participants greatly stepped on the meeting authorized – and believing that the new crypto era cited in Washington.

“Representatives of the Government have expressed a negative regime towards the crypto industry, and that regime now comes to the end,” says Sergej Nazarov, co-founder of the Lanka Chain, who attended the summit. “There is a significant shift and huge amounts of support.”

“Very open and receptive”

In recent years, the crypto industry declared the actions of execution against them by the administration of President Joe Biden. The Securities and Exchange Commission, headed by Gari Gensler, sought to resolve the CRIPTO companies, believe that securities laws are violated and protects investors from mass fraud and frauds pervaded in cryptou Terrasto-Luna and FTK. This resulted in lawsuits against the companies Big and small, including coinbase.

After the Trump was elected, several members of the Cabinet with close connections in the industry, such as AI & Cripto Czar David SacksSECRETARY OF HOWARD LUNNICK AND THE SECRETARY FOR THE VREVIZER Scott Bessent. Much implementation, including case against coinbase, have been discarded. And the most pro-crypto commissioner about seconds, most active Hester Peirce, are elevated: she now leads SECs Crypto Working Group.

All these officials were present at the summit, as well as Tom Emmer, whip most of the house. “I didn’t expect people to be so senior to be at the summit,” says Nazarov. “Everyone who came from the part of the industry could speak and give their views. And all the senior government people, I think they were very open and receptive.”

The Trump himself also stated a public conference for the journalists of the Summit, as well as a private conference with managers. In his public notes, Biden for his anti-crypto point, he asked Congress to pass the accounts on Stablecoine and the Digital Spider and, for some reason, for some reason, that FIFA President Gianni Infantin to show the FIFA trophy. “That coin eventually can be worth more than FIFA,” said Trump in response. (Trump’s own meme initially scratchy Millions of dollars in trading at fees. Although it has fallen down until $ 75 up to $ 12.)

The participants of the industry included Braan Armstrong Coinbase, Microstrategy Michael Sailor, Vinklevoss Gemini, and Zach Vitkoff, co-founder of the Trump Company CRIPTO COMPANI, world free financial companies. In combination, participants gave more than $ 11 million to Trump Inaugural Board, According to interceptAnd critics have set many questions about conflicts of interest. “When CRIPTO companies were spent over a hundred million Dollars in the election 2024 were created by a new playbook for the purchase of great political power in America “, Robert Weissman, the Co-President of the Public Citizen, wrote in the email.

“People who should be in front of him in front of him, but there are people who should not be in front of him,” says Avik Roi, co-founder and chairman of the Research Research Foundation. “One of the challenges in public policy is always: how is someone in the position of the president varies between people who are just lobbying and people who are witty?”

After the summit, the Trump office of Compeller from the currency (OCC) Greenized guidelines Allowing banks to keep cryptocurstity and asking them to work their diligence about risk. This served as another signal that the Trump administration will not regulate the industry closely. “This industry was somehow unfairly suppressed by achieving its potential in the American system,” says Nazarov. “They want to go a completely different way.”

Read more: Inside the chess match that led a feder to 3.6 billion dollars in stolen bitcoin

Trump Cripto Reserve

The summit came the day after Trump issued Executable Announcing the creation of federal reserves Bitcoin. When Trump crossed the idea earlier in the week, many people expressed concern: That Trump will charge taxes to buy a CRIPTO and create risks, including many smaller and volatile coins like Cardan and XRP in the proposal.

But the executive line pulled those plans quite a little. He announced that the United States would not buy any new Bitcoin, but it simply holds on the cryptures that seized in attacks. Andrew O’Neill, Digital Management Director S & P Global Rating S & P, called the “mainly symbolically” command in the statement.

Industry industry cheered the decision to focus mainly on the Special Reserve Bitcoin, effectively demonstrating the importance of other crypto projects – whose The founders lobbied the Trump to Support. “It would be quite obvious that the chronic outcome in which the well-connected people could force the government to buy their tokens without any obvious strategic bases for it,” said ROI “.” Bitcoin is a special case; “Bitcoin is a special case; No director. “

The Executive Order also calls for full revision of American crypt’s funds, which is estimated to include about 200,000 Bitcoin (worth about it) $ 17 billion). Yesha Iadav, Professor of Rights on Vanderbilt, which specializes in CRIPTO and securities regulations, says that it will be important to determine how much that bitcoin will be usable and how long it may be returned to victims of fraud. A good part of that bitcoin is probably coming from Bitfinek HackWhich US government has taken 2022. years. “Whether they are motivated to find every single victim, whether the victims are forward, and whose claims are not dealing with,” something will need to look at it, “something will have to look at it” “says Iadav.

Prices Cripto have been partially, partly due to uncertainty around Trump Tariffs. But indidents crippto industry believe that they will finally, Trump’s laissez-faile approach to help grow. “FTX is now in the past,” Nazarov says. “Big failures are in the past.”

Andrew R. Chow Book about Cripto I Sam Bancman-Fried, CryptomaniaIt was Published in August.

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