Support and Harvest: How 'Crypto President' Trump Became the Biggest Variable in the Market?
In his first year as the 47th U.S. President, Donald Trump significantly influenced the cryptocurrency market through a mix of supportive policies and controversial actions, earning him the title "Crypto President." Key events include the launch of his official meme token TRUMP, which caused massive financial gains for some but led to over $2 billion in losses for 810,000 wallets. Trump replaced regulatory officials like former SEC Chair Gary Gensler with crypto-friendly appointees, signaling a shift toward lighter regulation. He established a U.S. BTC strategic reserve using seized assets and signed the GENIUS Act, the first federal stablecoin legislation, boosting market confidence and reinforcing dollar dominance. However, his tariff policies triggered severe market volatility, with three major tariff announcements in 2025 causing sharp crypto sell-offs and enabling insider trading. Trump’s family wealth grew by approximately $1.4 billion through crypto ventures, including World Liberty Financial and TRUMP tokens, raising ethical concerns. He also pardoned Binance founder CZ, ending legal battles from the Biden era. Ultimately, Trump’s approach reflects his business-first philosophy, leveraging crypto for both political and personal gain.
比推01/23 14:31