Digital Asset Insiders Comment on Trump Executive Order Supporting Crypto

Yesterday, President Donald Trump signed an Executive Order supporting digital asset development. The order seeks to ensure US leadership in digital financial technology.

A working group will soon be established chaired by the White House AI & Crypto Czar, David Sacks, and include the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, and the heads of other relevant agencies.

The cryptosphere has been celebrating the election of Trump after four years of anti-innovation policy that impeded the development of digital assets. The SEC pursued a course of regulation by enforcement thus missing out on an historical opportunity to update the regulatory ecosystem to accommodate technology like blockchain and tokenization.

CI has received multiple comments on the multiple moves by the Trump administration to support crypto. Eli Cohen, General Council of Centrifuge Eli Cohen, General Council of Centrifuge – a tokenization platform, welcomed the new administration’s positive approach to digital assets, in contrast to the Biden administration’s open hostility.

“We look forward to the report of the Digital Assets Markets Working Group to be issued in 180 days and hope that the Working Group members will seek appropriate industry participation in the process. This Executive Order is a great first step in bringing the US into the leadership role it should have in the crypto markets,” said Cohen.

Viktoriya Hying, co-founder and COO of NPC Labs and a former executive at Coinbase, predicted that the digital asset industry will be “risk on, full on” in support of President Trump’s pro-crypto policies.

“This means that, yes, the apps that investors use to interface with the industry will likely feel more comfortable exposing investors to risk, both in the tokens they offer and the products they provide. But Trump’s a pragmatist, and four years is a lifetime in crypto. When Luna and TerraUSD collapsed in 2022, it drove the family savings of investors to zero and tanked the crypto market along with it. If the industry’s new-found confidence leads to risk-taking that results in another systemic collapse, and if that collapse hits the wallets of any of the 49.9% of voting Americans that supported him, Trump’s tune might change. But I’ll admit, that’s a lot of ifs.”

Alice Liu, Head of Research at CoinMarketCap (owned by Binance), believes a potential Bitcoin strategic reserve may mark a historic turning point for crypto. If Bitcoin is embraced by the government, Bitcoin could morph from a speculative trading asset to a strategic tool for economic resilience.

“With Bitcoin projected to reach $200,000 this year and approximately $19 billion in Bitcoin already in US holdings, this policy could set the stage for Bitcoin to play a foundational role in digital currency as a tool in the national economic strategy,” said Liu. “The potential repeal of SAB121 and other restrictive policies could unlock a wave of institutional investment, removing barriers for banks and asset managers to hold crypto more freely. This could further legitimize Bitcoin within mainstream finance, amplifying adoption across pension funds, hedge funds, and ETFs like BlackRock’s, which has now gathered over $53 billion. However, critics caution that government oversight, stringent KYC requirements, and regulatory intervention could erode Bitcoin’s decentralized ethos.”

Liu anticipates a global crypto arms race, including countries like Japan, China, and Russia as they strive to keep pace with the US. She believes the growth opportunities are immense, even with challenges like energy and price stability.

It has only been a few days since Trump’s inauguration, yet within this short amount of time, the federal government has completely repositioned itself to embrace digital asset innovation, with expectations of a structured framework to emerge this year.



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