Trump rewrites crypto rules in first 100 days, industry celebrates 180 pivot from Biden years
Summary
President Trump faced early blowback after proposing the possibility of a strategic crypto reserve that would go beyond bitcoin and include other digital currencies like ether, XRP, Solanas SOL token and Cardanos ADA. But for the most part, that behavior is being ignored as the crypto industry prefers to focus its attention elsewhere even as the presidents job approval broadly sits at just 43%, according to an average of recent national polls. Carter said the SEC under Atkins has already begun working directly with crypto stakeholders, including Castle Island, to craft guidance on token issuance and the line between securities and commodities. Trump has tapped Brian Quintenz, currently policy chief for the crypto group at venture firm Andreessen Horowitz, to lead the Commodity Futures Trading Commission. Faryar Shirzad, Coinbases chief policy officer, said the administration has already met two core expectations: ending the regulatory crackdown on crypto and working with Congress to deliver clarity.