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Trump ends Biden’s war on crypto in 200 days, says White House
Trump ends Biden’s war on crypto in 200 days, says White House originally appeared on TheStreet.
President Donald Trump completed the 200 days of his second term in the White House on Aug. 7, and the White House was quick to remind how the president has kept his promise of ending the Joe Biden era's war on crypto.
“I will also stop Joe Biden’s crusade to crush crypto. We’re going to stop it. I will ensure that the future of crypto and the future of Bitcoin will be made in the USA,” Trump promised during the election campaign on May 26, 2024.
After becoming the president, he undertook a number of initiatives to encourage the adoption and regulation of crypto assets. Among the steps the White House highlighted is Trump signing the GENIUS Act into law and unveiling the crypto report in July.
While the GENIUS Act is the first major crypto legislation to be signed into law which lays out the norms of stablecoin regulation, the crypto report provided a blueprint of the Trump administration's stance on crypto.
The CLARITY Act which seeks to offer clarity on the regulatory status of crypto assets and the Anti-CBDC Act which prohibits the launch of a central banking digital currency in the U.S. have also seen progress in the House.
Join the discussion with CryptoWendyO on Roundtable here.
While these recent actions aimed to cement the U.S. as the dominant player in the crypto market, Trump has continued to pursue an aggressive pro-crypto agenda since coming to the office in January.
In March, Trump signed an executive order to establish a strategic Bitcoin reserve and a digital asset stockpile. We have also seen the law enforcement agencies dropping lawsuits against leading crypto exchanges such as Coinbase (Nasdaq: COIN), Kraken, etc. after his arrival in the White House.
Trump himself belongs to one of the wealthiest business families in the U.S. and the First Family is engaged with several crypto ventures that have raised concerns over "conflicts of interest."
Story ContinuesTrump ends Biden’s war on crypto in 200 days, says White House first appeared on TheStreet on Aug 7, 2025
This story was originally reported by TheStreet on Aug 7, 2025, where it first appeared.
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