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coinpedia 2025-02-05 09:51:24

Donald Trump’s 100-Day Crypto Plan: National Bitcoin Reserve & Pro-Crypto Regulations Unveiled

The post Donald Trump’s 100-Day Crypto Plan: National Bitcoin Reserve & Pro-Crypto Regulations Unveiled appeared first on Coinpedia Fintech News The U.S. government is taking a big step toward crypto regulation, with the House and Senate forming a joint group to push new laws. Trump’s crypto czar, David Sacks, made it clear that his goal is to secure America’s dominance in digital assets. Speaking at a press conference, he outlined a strong pro-crypto agenda alongside key congressional leaders. As discussed in a recent Altcoin Daily analysis , this move could mark a major turning point for the industry, bringing regulatory clarity and institutional adoption. The revelations came at a time when crypto is facing both inside and outside tariff war pressure dropping the major crypto assets including Bitcoin dropping to $97K from a high of $100K. The Trump’s administration’s positive Bitcoin push at this moment may give some relief to the investors. A National Bitcoin Reserve? According to Sacks, one of the major element of Trump’s 100-day plan is the potential creation of a national Bitcoin reserve. This initiative seeks to position the U.S. as a global leader in digital assets while leveraging Bitcoin as a strategic hedge against inflation. Analysts like Max Raskin, an adjunct professor at NYU, suggest that such a reserve could provide the country with financial stability outside traditional Federal Reserve policies. However, skeptics worry about the economic risks of integrating Bitcoin into national reserves too quickly. Crypto-Friendly Regulations on the Horizon Moving on, regulatory clarity is another key focus of the plan. Trump’s administration is looking to establish a Digital Asset Task Force, with SEC Commissioner Hester Peirce expected to play a leading role. This task force aims to create a framework for cryptocurrency regulations, addressing concerns about innovation flight and market instability. David Sacks, as an advisor to Trump’s crypto policy, chimed into the importance of clear guidelines to prevent U.S. crypto companies from moving offshore. Stablecoins to become prime focus Making Stablecoins a stable asset in US regulators are taking every step carefully. Just hours before David Sacks press conference, Senator Bill Hagerty introduced a bill for regulating stablecoins, aiming to balance state and federal oversight. This bill shows that Trump is confident on bringing crypto innovation in the U.S., with federal agencies like the Federal Reserve involved. Moreover, David Sacks, highlighted that digital transformation is necessary in finance, and the U.S. wants to lead in this space, not let other countries take the lead. Supporters argue that stablecoin regulation could drive mass adoption and make digital payments more efficient, while critics remain cautious about potential systemic risks. Crypto Reaction Responding to the press conference, Bill Morgan expressed frustration on X, saying that the market is tired of hearing David Sacks say “we are working on it” and needs to hear concrete action, like “we have done it,” especially after 10 years of waiting. Can only hope there are no more press conferences of David Sacks that has the message ‘we are working on it’. The market is not impressed. After 10 years we need to hear “we have done it” like yesterday. pic.twitter.com/zugX3WlIzb — bill morgan (@Belisarius2020) February 4, 2025 Another X user noted that, even Bitcoin Reserve plan is not confirmed in political tone. Making Bitcoin more prone to further sell-offs. There is now a clear potential bear case emerging for Bitcoin in 2025 Today's press conference from Trump's Crypto Czar David Sacks was an interesting insight in how the regulators perceive crypto assets 1. They said the creation of the sovereign wealth fund was not related to… — TCB (@1984_is_today) February 5, 2025

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