The cryptocurrency community is eagerly anticipating Donald Trump’s inauguration on January 20, seeing it as a chance to move past the tough regulations they faced during the Biden administration. According to a recent report from New York Post, President-elect Donald Trump 
Donald Trump
Donald J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.
Quick Facts
Full name
Donald John Trump
Birth
14-06-1946, New York, United States
Nationality
American
Education
BS from the University of Pennsylvania
Known For
Businessman, Pro-Crypto Politician
Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.
Donald Trump - Career Highlights & Events
2016 – Elected as the 45th President of the United States from the Republican Party.
2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments
2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money"
2024 – Campaign signals potential openness to crypto-friendly reforms
2025 – Elected as the 47th President of the United States from the Republican Party.
A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.
President
plans to create an ‘America-first’ crypto reserve that will focus on U.S.-based crypto currencies like Solana ($SOL), Ripple ($XRP), and USD Coin ($USDC).
Trump Strongly Backs Crypto Initiatives
The next few days and weeks are going to be very busy as the Trump administration gets back to Washington, D.C., and plans to introduce new executive orders focused on cryptocurrency.
The New York Post reports that President-elect Donald Trump is thinking about creating an “America-first” strategic reserve that would favor U.S.-based cryptocurrencies like USDC, SOL, and XRP. The report mentioned that Trump has recently met with the creators of these cryptocurrencies and is open to the idea.
The plan to issue executive orders soon could lead to setting up a Bitcoin reserve and stopping banks from refusing to work with cryptocurrency clients.
One of Trump’s key promises in crypto is setting up a national Bitcoin reserve. Expecting this plan to kick off, several public companies are now starting to include Bitcoin in their financial reserves.
Meanwhile, individual states are getting involved too. For example, Oklahoma’s Representative Cody Maynard recently introduced a bill that would let the state treasurer invest in cryptocurrencies like bitcoin and stablecoins.
This initiative is part of a wider effort with states like Texas, Pennsylvania, and Ohio also planning to set up their own crypto reserves.
Trump’s Approach Relieves Entire Market
The crypto market is finally relieved after years of harsh actions by the Biden administration. During the Biden administration, banking regulators from the FDIC (Federal Deposit Insurance Corporation) instructed banks not to engage with cryptocurrency companies, which paused the industry’s growth.
Venture capitalist Marc Andreessen referred to these actions as “terrorizing” startups. Hence, the latest initiatives taken by Trump to promote the market have boosted buying demand.
Trump’s pledges included firing SEC Chair gary gensler
gary gensler
Gary Gensler is the chairman of the U.S. Securities and Exchange Commission (SEC). His studies in finance and blockchain at MIT have helped him develop U.S. cryptocurrency regulations and policies.
Quick Facts
Full name
Gary Scott Gensler
Birth
18-10-1957, Baltimore, Maryland, United States
Nationality
American
Education
MBA from the University of Pennsylvania
Marital status
Married to Francesca Danieli (1986-2006)
Net worth
Estimated $100 million
Gensler has advocated for enhanced supervision of digital assets, seeking to regulate cryptocurrencies similar to securities. His work at the SEC has focused on safeguarding investors, regulating crypto exchanges, and establishing stablecoin policies.
Gary Gensler - Career Highlights
1997 – Became Assistant Secretary of the Treasury.
2009 – Led CFTC, regulating financial derivatives post-2008 crisis.
2018 – Taught blockchain and crypto at MIT.
2021 – Appointed SEC Chairman, focusing on crypto regulations.
2022 – Proposed stricter rules for crypto exchanges.
2023 – Took legal action against major crypto firms.
2024 – Advocated for stronger stablecoin and DeFi regulations.
Gary has collaborated with multiple lawmakers in formulating crypto policies. Even with disagreements with crypto investors regarding crypto policies, he continues to be a key player in the changing dynamic between regulatory frameworks and blockchain advancement.
Awards & Recognitions of Gary Gensler
Year
Institution
Description
2009
U.S. Treasury
Financial Regulation Leader
2018
MIT
Blockchain & Crypto Educator
2021
SEC
SEC Chairman Overseeing Crypto Policies
2023
Bloomberg
Most Influential Regulator in Crypto
2024
Forbes
Top Policy Maker in Digital Assets
Useful Links to Connect With Gary Gensler
Platform
Link
X (formerly Twitter)
twitter.com/GaryGensler
CFTC website
Chairman Gary Gensler
Chairman
pardoning Silk Road founder Ross Ulbricht, setting up a Crypto Presidential Advisory Council, canceling SAB 121, stopping “Operation Choke Point 2.0,” and making the U.S. a leading bitcoin mining hub. Following these announcements, Gensler confirmed he would leave the SEC.
Coinpedia previously reported that Trump’s revamped SEC plans to drop security allegations and create a new cryptocurrency policy.
Additionally, David Sacks, chosen by Trump as the Crypto and AI Policy Advisor, is organizing the first-ever Crypto Ball this weekend in Washington, D.C. With sponsorship from key industry leaders such as Coinbase, Solana, and Galaxy Digital, the event highlights the administration’s dedication to promoting blockchain technology.
