A new report shared with Finbold on June 27 by Bybit and Block Scholes highlights how recent U.S. regulatory shifts under President Trump’s administration are accelerating crypto adoption . The administration has appointed pro-crypto regulators across key agencies, ended major lawsuits that had created regulatory uncertainty, clarified staking rules, and provided support for exchange-traded fund ( ETF ) approvals. According to the report, these developments could have far-reaching effects on institutional adoption and global regulatory momentum. The GENIUS Act While Bitcoin ETF approvals have dominated headlines, industry analysts suggest the GENIUS Act may prove to be the most consequential development in US crypto policy to date. The legislation establishes a comprehensive legal framework for the issuance of stablecoins , addressing what experts describe as a core infrastructure gap in the digital asset ecosystem. Stablecoins serve as the critical bridge between traditional finance and blockchain-based systems, and the GENIUS Act provides the regulatory clarity needed to unlock institutional participation and broader public trust. Ratio of stablecoin market cap to M2. Source: Block Scholes The timing appears critical, as stablecoin market capitalization is growing significantly faster than the traditional M2 money supply, with the US Secretary of the Treasury estimating it will exceed $2 trillion. The BITCOIN Act Senator Cynthia Lummis’s proposed BITCOIN Act would direct the US Treasury to accumulate 1 million bitcoins over five years, creating a strategic reserve that could “reduce our national debt by half” if held for 20 years, according to Lummis. BTC mined vs BTC bought by government. Source: Block Scholes The government would purchase 200,000 bitcoins annually (roughly 550 per day), amounting to approximately $57 million daily at current prices. This stockpile would surpass the holdings of all publicly traded companies. The bill is already influencing state-level policy. New Hampshire passed HB 302 in May 2025, allowing up to 5% of its public funds to be invested in Bitcoin. Arizona followed with Bill 2749, creating a reserve from abandoned digital assets. Catching up with the US This U.S. momentum has inspired similar moves worldwide. For example, South Korea elected crypto-friendly President Lee Jae-myung, who introduced the Basic Digital Asset Act, enabling non-bank institutions to issue won-backed stablecoins. Additionally, Pakistan unveiled a national Bitcoin strategic reserve and the Pakistan Digital Assets Authority in May 2025, citing inspiration from US policy. The initiative includes a major mining commitment of up to 2,000 MW of energy. Meanwhile, the EU’s MiCA framework, upcoming UK reforms, and developments in the Middle East are creating more unified markets for digital assets. Some UK politicians have proposed Bitcoin reserves and crypto tax reforms, echoing similar initiatives in the US. Featured image via Shutterstock. The post ‘Trump’s administration has rapidly reshaped US crypto policy’ – Bybit x Block Scholes Report appeared first on Finbold .
