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Trump's relationship with cryptocurrencies has fundamentally shifted from being "skeptical" to "the biggest beneficiary." He is not only a policymaker but also a key player leveraging crypto assets for funding, money laundering, and consolidating power.

180-degree change in attitude

Initial stance (2019-2021): He openly criticized Bitcoin and cryptocurrencies as "air scams," citing their high volatility and threats to the dollar's dominance.

Campaign and administration period (2024 to present): His stance has dramatically changed. He now states he wants to "end the war on cryptocurrencies," make the US the "cryptocurrency capital of the world," and accept cryptocurrencies as campaign donations.

Policy: Deregulation and strategic reserves

During his second term (starting in 2025), the Trump administration launched a series of aggressive policies that overhaul the crypto regulatory framework in the US:

Deregulation: Repealed accounting standards that restrict financial institutions from managing crypto assets (SAB 121), and halted plans for a central bank digital currency (CBDC) during Biden's administration, opening space for private crypto assets.

Building national reserves: Signed executive orders to establish a "strategic Bitcoin reserve," announced that the federal government would no longer sell approximately 200k Bitcoin it holds, and explored the possibility of including BTC, ETH, and others into the national asset reserve.

Legalization of stablecoins: Confirmed that fully dollar-backed stablecoins are not classified as securities, paving the way for stablecoin issuance on Wall Street.

Business ventures: Personal and family printing money machine

Trump is the first US president to deeply associate his personal political brand with crypto finance, with impressive profit scales:

NFTs and royalties: The series of NFT "digital transaction cards" he issued sold out quickly, with transaction volumes exceeding $26 million, generating nearly $1 million in royalty income.

Meme coin (TRUMP): The TRUMP token related to many controlled by affiliated parties. It is estimated that, just from transaction fees, the Trump family could earn billions of dollars, while many retail traders following the trend risk losses.

Wealth skyrocketing: According to Forbes, about $200k of his wealth increase directly comes from crypto-related income, making him one of the wealthiest US presidents during his term.

Controversies: Gray areas of policy and interests

This deep involvement has sparked major ethical controversies. Critics point out that the "crypto-friendly" policies implemented by his government (such as deregulation and support for certain projects) objectively caused token and related company valuations controlled by his family, like (World Liberty Financial), to rise, raising suspicions of using public power for personal enrichment.

Conclusion: Trump has transformed cryptocurrency from a mere financial tool into a multifunctional weapon for political fundraising, personal wealth enhancement, and geopolitical financial competition. For him, supporting the crypto industry is a political symbol against Democratic financial policies, as well as a highly profitable family business.#GateSquareAprilPostingChallenge #MarchNonfarmPayrollsIncoming