First-ever pro-crypto U.S. administration: bummer or slowburner?

Key Points

1. July 14, 2025, marks the beginning of Crypto Week in D.C., signaling potential deregulation in the crypto space.

2. The SEC became more crypto-friendly under the Trump administration, creating a Crypto Task Force to shape industry rules and dropping enforcement actions from the Gensler era.

3. Trump's executive order on March 6, 2025, created a Bitcoin stockpile from seized bitcoins, differing from Sen. Cynthia Lummis' proposed plan to purchase bitcoins over five years.

4. The GENIUS Act, intended to regulate stablecoins, faced delays despite being a bipartisan effort, leaving stablecoin regulation unclear.

5. The crypto community viewed some developments positively, such as the SEC's shift and the Bitcoin stockpile, but others, like the lack of stablecoin regulation, were seen as setbacks.