Interestingly, the politician who once criticized Bitcoin as a "competition with the US dollar" is now on the side of the crypto camp. In 2021, he openly called Bitcoin a "scam" in an interview, but in just a few years, he changed his tune. By 2024, he delivered a public speech at the Bitcoin conference, vowing to turn the US into the "cryptocurrency capital" once he takes office, and also promised to replace the SEC leadership with a more crypto-friendly approach.

Fast forward to 2025. In March, he signed an executive order to establish the "US Strategic Bitcoin Reserve." In July, the "Genius Act" was officially implemented, setting clear anchoring rules for stablecoins—100% must be backed by US dollars in cash or US Treasuries, and the Federal Reserve was prohibited from issuing central bank digital currency. These moves marked a major turning point in the crypto industry.

Upon reflection, the driving forces behind these changes are not hard to understand. On one hand, the political donations from the crypto industry have become significant; major players in Silicon Valley provide both connections and substantial campaign contributions. On the other hand, the US faces increasing pressure from mounting national debt. Data from 2024 shows that debt interest payments alone approached $1.6 trillion, surpassing Social Security as the largest fiscal expenditure. The $37 trillion debt is snowballing—under such circumstances, embracing a Bitcoin reserve system has, to some extent, become a necessary choice.