Trump’s Actions in the Cryptocurrency Sector
- Strategic Bitcoin Reserve
In March 2025, Trump signed an executive order to create a “Strategic Bitcoin Reserve” using Bitcoin already taken by the government. This news made Bitcoin’s price go up. On Trump’s inauguration day, Bitcoin reached $109,200 – a 30% increase in one week after his re-election. - Executive Order 14178
On January 23, 2025, Trump signed Executive Order 14178 called “Strengthening American Leadership in Digital Financial Technology.” This removed some old rules and stopped the central bank from making a digital currency. It also created a group to prepare new national rules for digital assets within 180 days. - Trump Family Involvement
Trump’s family launched a memecoin called $TRUMP, and Melania Trump launched $MELANIA. These coins received big investments. One example: a $2 billion investment from a state investor in the United Arab Emirates in a stablecoin made by the Trump Organization.
Impact on the Crypto Market
Since Trump was re-elected, Bitcoin’s value increased by 20.3%, from $69,000 to $90,000 in one week. Bitcoin’s market cap grew from $1.3 trillion to $2 trillion. The total crypto market grew from $2.2 trillion to $3.4 trillion.
But in February 2025, Trump added import taxes: 25% on goods from Canada and Mexico, and 10% on goods from China. Because of this, Bitcoin fell 18% in one month.
International Reactions
European Union
The EU was worried about the US pro-crypto strategy. They feared that stablecoins in US dollars could affect Europe’s control of its money. So, the EU created a new law called MiCA (Markets in Crypto-Assets) to control cryptocurrencies.
Canada and Mexico
Canada and Mexico answered Trump’s tariffs with their own. Canadian Prime Minister Justin Trudeau added 25% taxes on American goods. Mexican President Claudia Sheinbaum Pardo announced a “Plan B” with new tariffs and other ways to protect Mexico’s economy.
Other Countries
Brazil, Argentina, and Poland are thinking about using Bitcoin like El Salvador. Bhutan mined Bitcoin worth $750 million – about 28% of the country’s GDP.
Ethical and Legal Concerns
The Trump family’s involvement in crypto caused ethical worries. For example, a Chinese company promised to buy $300 million worth of the $TRUMP coin. This raised fears about conflicts of interest and foreign influence in US politics.
Sources:
Il Messaggero, New York Post, Wikipedia, WSJ, Criptovaluta.it, Pictet, The Cryptonomist, Wikipedia.