SuperEx丨What crypto policies has Trump implemented since taking office?

SuperExMedia · 2025-01-22T12:08:09Z

#SuperEx #crypto #Trump

On January 20, 2025, Donald Trump returned to the White House. Immediately after his inauguration speech, he signed new executive orders and repealed 56 executive orders issued during President Biden’s term. Among the various policy changes, those concerning the cryptocurrency market received significant attention globally.

Just two days prior, on January 18, Trump personally launched the “President Coin $Trump,” marking a historic first in the crypto world. This move triggered a financial frenzy, and within just 48 hours, the total market capitalization of $Trump surpassed $82 billion, becoming both a financial and media sensation.

Against this political and market backdrop, Trump’s crypto promises and policy shifts have become central points of discussion. This article will provide an overview and analysis of the crypto policies that have been implemented thus far.

1. Repealing the Decentralized Finance (DeFi) Oversight Mechanism

During President Biden’s term, the U.S. Securities and Exchange Commission (SEC) introduced a series of stringent regulations on decentralized finance (DeFi), including restrictions on anonymous wallets and cross-border transaction reporting requirements. These regulations sparked considerable industry backlash, with many criticizing them as stifling innovation.

In the executive orders signed on January 20, Trump explicitly repealed these regulatory measures, allowing DeFi projects to operate in a more flexible environment. The policy document states:

“Blockchain technology is at the heart of America’s technological and financial competitiveness, and any overregulation could put us behind in the global race.”

The new policy removed the blanket ban on anonymous wallets and introduced a system where identity verification is only required in high-risk transactions. This change has led to a surge in the daily active users of DeFi platforms like Uniswap and Aave, with market reactions being overwhelmingly positive.

2. Launch of the “Digital Asset Innovation Incentive Program”

Another notable policy introduced by the Trump administration is the “Digital Asset Innovation Incentive Program.” The program aims to attract blockchain technology companies to establish their headquarters in the United States through tax breaks and research and development subsidies.

According to the policy document, the incentive program includes:

Up to three years of tax relief for blockchain-based startups;

Up to $100 million in R&D subsidies for companies working on public blockchain development, zero-knowledge proof technologies, and decentralized storage solutions;

Easing approval processes for blockchain payment companies engaged in cross-border settlements.

Following the announcement of this policy, the number of blockchain company registrations in the U.S. surged by 17% within 24 hours, and stocks of major crypto companies like Coinbase and Kraken saw significant gains.

3. Strengthening the US Dollar’s Stablecoin Competitiveness and Supporting USD Coin (USDC)

Amid challenges to the global dominance of the U.S. dollar, the Trump administration has made stablecoins a focal point of its strategy. On January 22, the Treasury Department issued an announcement stating that USD Coin (USDC) would be incorporated into the U.S. payment infrastructure, and federal agencies would be permitted to use USDC for certain financial settlements.

The Treasury Secretary emphasized in the announcement:

“The United States must leverage blockchain technology to maintain the dollar’s global dominance, and USDC is a critical part of our strategy.”

As a result of this policy, USDC’s circulating supply quickly increased, capturing 45% of the stablecoin market share, significantly boosting its role in international trade and cross-border payments.

4. Crypto Tax Reform: Easing the Burden on Investors

The Trump administration also introduced tax reforms that are favorable to crypto investors. Under the new tax policy, signed on January 23, the following changes have been made:

Long-term capital gains tax for crypto assets was reduced from 20% to 10%;

Short-term capital gains tax on crypto transactions was lowered from 39.6% to 28%;

The electricity consumption tax on crypto mining companies was reduced from 30% to 10%, with exemptions for green energy mining operations.

These tax adjustments significantly reduce the tax burden on investors and make the U.S. a more attractive jurisdiction for crypto enterprises.

5. Strengthening Global Competitiveness: FedCoin to Be Launched

In addition to regulatory relaxation and tax reforms, the Trump administration has also announced a strategic move: the planned launch of the Federal Digital Currency (FedCoin). According to a White House statement, FedCoin will be issued based on blockchain technology and directly overseen by the Federal Reserve, with the goal of enhancing the U.S. dollar’s role in global payments and settlements.

Trump emphasized in a press conference:

“We need to ensure that the U.S. dollar remains dominant not only in traditional finance but also in the digital asset space. FedCoin is a key tool in our future economic strategy.”

This initiative is expected to launch its pilot program in the third quarter of 2025, with FedCoin being used initially for federal government payment scenarios.

Market Reactions and Future Outlook

The series of policy changes introduced by the Trump administration signals a supportive stance toward the crypto market. From repealing stringent regulations to launching innovation incentive programs, tax reforms, and bolstering the competitiveness of stablecoins, the U.S. is accelerating its efforts to maintain leadership in the global crypto space.

However, there are concerns within the market. For example, will the introduction of FedCoin undermine the decentralized nature of cryptocurrencies? Will the relaxation of regulations encourage speculative behavior? These questions will require time to address.

What is certain is that under Trump’s leadership, the U.S. has seized new opportunities in the crypto space. In the coming years, whether the U.S. can leverage these policies to reclaim its position as the global leader in crypto innovation will be a critical point of focus for both domestic and international stakeholders.