Trump Ended Biden’s War on Crypto Sector: White House

The White House Press Secretary, Karoline Leavitt, announced that President Donald Trump has "officially ended the Biden administration’s war on the cryptocurrency industry." This declaration signifies a drastic shift in U.S. policy regarding digital assets. 🚀

Leavitt emphasized the administration’s commitment to establishing a pro-innovation stance, supporting the growth of cryptocurrencies by removing restrictive policies. Federal agencies, like the SEC, have also been tasked with bringing regulatory clarity under this new strategy.

Since the beginning of Trump’s second term in January 2025, the U.S. has experienced sweeping transformations in its digital asset policies. On January 23, 2025, President Trump signed a comprehensive executive order aimed at solidifying America’s position in digital finance.

The order:

• Revoked more than 80 restrictive policies from the Biden era.
• Imposed a ban on a U.S. central bank digital currency.
• Created the Presidential Working Group on Digital Asset Markets led by David Sacks.

In July 2025, this working group introduced a detailed 160-page report outlining clearer regulations for stablecoins. These policies ignited market growth, with Bitcoin surging past $100,000 and adding over $1 trillion to the global cryptocurrency market cap since the 2024 election.

The Securities and Exchange Commission (SEC) saw a significant shift under the leadership of Acting Chair Mark Uyeda, who was later confirmed permanently. Starting in January 2025, the newly formed Crypto Task Force was instructed to develop a more practical regulatory framework.

Key changes included:

• Declaring that memecoins are not securities.
• Revising restrictive accounting rules on crypto custody to adopt a flexible approach.
• Allowing broker-dealers to handle stablecoins without full securities registration.

This lighter, innovation-driven regulatory approach led to the dismissal or pausing of 90 enforcement actions, marking a departure from the prior strategy of "regulation by enforcement." This shift has fostered greater institutional participation in the crypto industry.

Congress has actively bolstered the administration’s crypto-friendly stance. In July 2025, during the so-called "Crypto Week," President Trump signed the GENIUS Act into law. This first-of-its-kind legislation:

• Establishes a comprehensive federal framework for stablecoins.
• Requires stablecoins to be backed one-to-one by safe assets such as U.S. Treasuries.
• Mandates licensing and compliance with anti-money laundering rules.
• Explicitly exempts stablecoins from being classified as securities.

A related bill, the CLARITY Act, passed the House but remains under review in the Senate. This measure seeks to define jurisdictional boundaries between the SEC and CFTC, enhancing regulatory clarity for digital assets.

The administration’s policy reforms have also led to the resolution of several high-profile legal cases. In August 2025, the long-running SEC v. Ripple case was jointly dismissed with prejudice, following the SEC’s earlier decision to drop its appeal. Similarly, the Binance case was fully dismissed in May 2025 without imposing additional penalties beyond its prior settlement with the Department of Justice.

For the developers of privacy tool Tornado Cash, the situation remains nuanced. In January 2025, a U.S. court ruled that its smart contracts are not property subject to sanctions. Its co-founder, Alexey Pertsev, was released to house arrest in February 2025 while preparing his appeal. These legal outcomes are considered monumental, offering much-needed regulatory clarity for the crypto world.

The Trump administration’s pro-crypto policies have spurred immense growth in the digital asset sector. By reducing litigation and introducing new, flexible regulations, the government has created an environment conducive to innovation and investment.

Since 2024, this shift has generated:

• Bitcoin’s price surpassing $100,000.
• A $1 trillion increase in global crypto market capitalization.

This transformation underscores the administration’s dedication to fostering a pro-innovation ecosystem for cryptocurrencies and digital finance.