The post Trump Administration Overhauls U.S. Cryptocurrency Regulations in Initial 30 Days appeared on BitcoinEthereumNews.com.

TLDR Trump administration launched aggressive pro-crypto initiatives in first 30 days, including creating Department of Government Efficiency (DOGE) led by Elon Musk and appointing crypto-friendly regulators Trump family launched World Liberty Financial (WLFI) with $326 million in crypto holdings and released TRUMP and MELANIA memecoins on Solana Major regulatory changes include nominating Paul Atkins to replace Gary Gensler at SEC, establishing a crypto task force, and announcing a $500 billion AI initiative called “Stargate” Trump pardoned Silk Road founder Ross Ulbricht and established a crypto working group to make America “the world capital in crypto” Global crypto adoption accelerating due to U.S. policy shifts, with institutional investors making long-term commitments and banks exploring crypto offerings The first 30 days of the Trump presidency brought extensive changes to U.S. cryptocurrency policy through executive orders, agency appointments, and regulatory shifts. From January 20 to February 19, 2025, the administration launched multiple initiatives that reshaped the federal government’s approach to digital assets. On inauguration day, the Trump family made its first crypto-related moves. The president launched TRUMP, a memecoin on the Solana blockchain that reached a $15 billion market cap before dropping 40%. First Lady Melania Trump followed with her own token, MELANIA. Their family venture, World Liberty Financial (WLFI), purchased $47 million in cryptocurrencies, bringing their total holdings to $326 million. The administration created the Department of Government Efficiency (DOGE), placing Elon Musk in charge. The department immediately faced legal challenges from watchdog groups claiming violations of the Federal Advisory Committee Act, which requires public involvement in federal committees. Changes at key regulatory agencies began on January 21. The Securities and Exchange Commission saw the nomination of Paul Atkins to replace Gary Gensler as chair, with Mark Uyeda serving as Acting Chair. Under Uyeda’s leadership, the SEC established a cryptocurrency task force…

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Filed under: News - @ February 21, 2025 3:25 pm