President Donald Trump's approach to cryptocurrency has been largely pro-crypto, aiming to position the U.S. as a global leader in digital assets. He has taken steps to reduce perceived regulatory hostility, including the resignation of former SEC Chair Gary Gensler. A key action was the establishment of a Strategic Bitcoin Reserve using forfeited crypto assets, treating Bitcoin as a reserve asset.

The administration signed the GENIUS Act into law, which provides a regulatory framework and consumer protections for stablecoins. This legislation requires 100% reserve backing for stablecoins with U.S. dollars or short-term Treasuries. Furthermore, an Executive Order was issued to prohibit the establishment of a U.S. central bank digital currency (CBDC).

These actions, along with the appointment of a "crypto czar," reflect a policy intent to embrace and regulate the industry rather than stifle it. However, the President's personal and family investments in crypto have raised concerns about potential conflicts of interest and undue influence. Despite the regulatory steps, Trump's policy is generally seen as favorable to crypto innovation and growth.