10 Major Crypto Events After Trump’s Inauguration: A Turning Point for Market

SuperExMedia · 2025-01-30T07:43:02Z

#cryptocurrency #Trump #blockchain

On January 20, 2025, Donald Trump was sworn in as the President of the United States, ushering in a new era for the crypto market. On his first day in office, Trump signed the first-ever executive order on cryptocurrency, marking a fundamental shift in the U.S. government’s stance toward digital assets. This series of policy adjustments not only reshaped the U.S. crypto regulatory framework but also triggered a chain reaction globally. From establishing a presidential crypto task force to pardoning the founder of Silk Road, each decision made by the Trump administration sent shockwaves through the crypto market. Behind these policies lies the U.S. strategic intent to seize global financial dominance in the digital economy era, while also signaling unprecedented opportunities for the development of crypto assets.

1. Issuance of the First Crypto Executive Order

On his first day in office, Trump signed the first-ever executive order specifically targeting cryptocurrency in U.S. history, requiring federal agencies to submit a regulatory framework for digital asset development within 90 days. The issuance of this executive order marked a shift from the U.S. government’s previously ambiguous stance to explicit support for crypto development. Key components of the order included: mandating the Treasury, SEC, and CFTC to coordinate on defining and classifying crypto assets; encouraging collaboration between state and federal governments to establish cross-regional regulatory mechanisms; promoting research and development of central bank digital currencies (CBDCs); and directing the Department of Justice to strengthen efforts against illegal activities in the crypto space. This executive order provided clear policy direction for the crypto industry, addressing long-standing regulatory uncertainties. It also paved the way for traditional financial institutions to enter the crypto market, fostering further integration of capital and technology. Following the announcement, the prices of major cryptocurrencies like Bitcoin and Ethereum surged by over 15% within 24 hours, and trading volumes spiked. Industry leaders widely viewed this policy as a catalyst for long-term stability and growth, attracting increased attention from institutional investors.

Additionally, the executive order emphasized the importance of crypto technology in national security and financial stability. The Trump administration tasked the Department of Defense and the Department of Homeland Security with researching blockchain applications in cybersecurity, allocating funds to support related projects. This move not only elevated the strategic importance of crypto technology but also brought more funding and resources to the industry.

2. Establishment of the Presidential Crypto Task Force

The Trump administration formed a cross-departmental presidential crypto task force, comprising the Treasury, SEC, CFTC, Department of Justice, and Department of Commerce, to develop unified crypto regulatory standards. The task force’s primary responsibilities included: crafting tax policies tailored to crypto assets; resolving regulatory conflicts between states and the federal government; promoting the application of crypto technology in finance, healthcare, and supply chains; and exploring ways to enhance government transparency through blockchain. The task force also established public consultation channels, inviting industry experts and business representatives to participate in policy formulation. Its creation addressed the long-standing fragmentation in U.S. crypto regulation, providing clear compliance pathways for crypto businesses while reducing regulatory conflicts. Traditional financial institutions accelerated their entry into the crypto market, with major Wall Street banks announcing crypto-related services, significantly boosting market liquidity. The stock prices of exchanges like Coinbase and Kraken also rose.

Another significant achievement of the task force was the release of the Digital Asset Regulatory Framework, which clarified classification standards for crypto assets and established corresponding regulatory rules for different asset categories. This framework provided clear compliance guidance for crypto businesses and better protection for investors. Additionally, the task force promoted the use of crypto technology in government services, such as enhancing the transparency and security of public records through blockchain.

3. Senator Lummis Appointed as Chair of the Senate Banking Digital Assets Subcommittee

Pro-crypto Senator Cynthia Lummis was appointed as chair of the Senate Banking Digital Assets Subcommittee, leading legislative efforts related to crypto. Upon assuming her role, Lummis swiftly advanced several pro-crypto policies, including the Digital Asset Innovation Act. This act clarified classification standards for digital assets and provided tax incentives and innovation support for crypto businesses. She also spearheaded the creation of the “Blockchain Technology Research Fund” to support academic and research institutions in blockchain studies. Lummis’s appointment secured more policy support for the crypto industry, driving its compliance efforts and increasing its influence in Congress. Crypto lobbying groups and businesses saw their political clout grow, and market confidence in long-term policy stability strengthened. Following the announcement of related legislation, the overall crypto market capitalization rose by 10%.

Lummis also championed crypto education, launching the “Blockchain Technology Education Program” to cultivate more blockchain talent. This initiative received widespread support from universities and the crypto industry, laying a solid foundation for the sector’s long-term development.

4. SEC Revokes SAB 121

The SEC announced the revocation of the controversial SAB 121 accounting standard, which had required crypto custodians to include client assets on their balance sheets. The revocation followed extensive lobbying and protests from the crypto industry. The SEC stated that the decision aimed to accommodate the unique nature of crypto assets while reducing compliance burdens on businesses. The new policy allows custodians to classify client assets as off-balance-sheet items but mandates enhanced disclosure and audit transparency. This decision significantly lowered operational costs for crypto custodians and exchanges, removing barriers for traditional financial institutions to enter the crypto market. Following the announcement, the stock prices of listed crypto firms like Coinbase surged by over 20%, and market expectations for institutional participation in crypto grew.

Additionally, the SEC announced plans to introduce a new accounting standard tailored to crypto assets, offering greater flexibility and transparency. This move was widely welcomed by the crypto industry, with market participants expressing approval of the SEC’s regulatory approach.

5. SEC Establishes New Crypto Task Force

The SEC established a new crypto task force, replacing its former enforcement division, to focus on developing disclosure rules tailored to crypto assets. The task force’s primary responsibilities include: setting disclosure standards for crypto asset issuance and trading; researching investor protection measures; and promoting market transparency and standardization. The task force also launched an “Innovation Sandbox,” allowing crypto businesses to test new technologies in a controlled environment. Its establishment signaled a shift in the SEC’s regulatory approach from enforcement to guidance, creating more room for innovation in the crypto industry. Market participants welcomed the increased regulatory transparency, leading to a surge in innovation within DeFi and NFT sectors.

The task force also facilitated the application of crypto technology in traditional finance, such as using blockchain to improve the efficiency and transparency of securities trading. This initiative garnered positive responses from traditional financial institutions, with market optimism about the future of crypto technology.

6. Trump Pardons Silk Road Founder

Trump announced the pardon of Silk Road founder Ross Ulbricht, a decision that sparked significant controversy. The pardon followed extensive petitions and lobbying from the crypto community. Trump stated that the move aimed to distinguish technological innovation from criminal activity while encouraging the legitimate use of blockchain technology. After his release, Ulbricht quickly resumed research on blockchain privacy technologies. This decision removed psychological barriers to the legal application of blockchain technology and sparked debates on the boundaries between crypto crime and innovation. Privacy coins and blockchain-related projects saw their market values soar, and market confidence in decentralized technologies strengthened.

The pardon also sparked widespread discussions on crypto regulation, with many experts viewing it as a step toward greater policy support for the industry and a new frontier for the legal application of crypto technology.

7. Federal Court Overturns Tornado Cash Sanctions

A federal court overturned sanctions against the privacy protocol Tornado Cash, establishing the principle of “technology neutrality.” The court ruled that Tornado Cash, as a technological tool, should not be held accountable for the illegal actions of individual users. This decision opened the door for the application of privacy-preserving technologies in the crypto space and provided legal protection for DeFi projects. The ruling accelerated the growth of privacy coins and DeFi projects, offering more legal safeguards for innovation in the crypto industry. The market values of privacy coins and DeFi projects surged, and market innovation vitality significantly increased.

The court’s decision also sparked extensive discussions on privacy-preserving technologies, with many experts viewing it as a legal basis for the legitimate application of such technologies and a new frontier for innovation in the crypto industry.

8. Trump Revokes Biden’s AI Executive Order

Trump revoked the AI executive order issued by the Biden administration, which had restricted the application of AI technology in the crypto space. The revocation created conditions for the integration of crypto and AI, particularly accelerating innovation in areas like smart contracts and risk management. The Trump administration also announced the establishment of a “Crypto and AI Innovation Fund” to support research and development in related technologies. This policy drove the widespread adoption of AI technology in the crypto market, attracting a significant influx of AI talent. Projects combining AI and crypto gained popularity, and related token prices surged.

Additionally, the Trump administration promoted the application of AI technology in the crypto market, such as using AI to enhance risk management in crypto trading. This initiative received widespread recognition from the crypto industry, with market optimism about the future of AI applications.

9. Stargate Program

The Trump administration launched the “Stargate Program,” aimed at establishing a blockchain-based space communication network. The program, a collaboration between SpaceX and several crypto companies, seeks to address data security and trust issues in space communication using blockchain technology. It also includes plans to develop a blockchain-based space resource trading platform. This initiative extends crypto technology into the space sector, laying the groundwork for the future space economy. Space-related crypto stocks gained popularity, and funding activities for related projects surged.

The Stargate Program also promoted the application of crypto technology in space, such as using blockchain to enhance the security and efficiency of space communication. This move received widespread recognition from the space industry, with market optimism about the future of crypto applications.

10. Trump Family Memecoin

The Trump family launched a memecoin called “TrumpCoin,” which quickly gained popularity in the market. TrumpCoin adopted an innovative community-driven model, allowing holders to participate in voting on Trump family-related activities. The successful launch of the memecoin injected new cultural and commercial elements into the crypto market. This event sparked discussions on the regulation of celebrity tokens and boosted the popularity of the memecoin sector. Following its launch, TrumpCoin’s price skyrocketed, driving up the entire memecoin market.

The success of TrumpCoin also sparked widespread discussions on celebrity tokens, with many experts viewing it as a new approach to the legitimate application of such tokens and a new frontier for innovation in the crypto market.

Conclusion

The 10 major crypto events following Trump’s inauguration marked a new phase of development for the U.S. crypto market. From policy shifts to regulatory easing and market innovation, these events collectively propelled the crypto industry from the fringes to the mainstream. As regulatory frameworks mature and technological innovation accelerates, the crypto market will face more opportunities and challenges. Striking a balance between innovation and regulation will be key to ensuring the industry’s sustainable and healthy growth.