"Crypto President" Trump's Report Card: One Year into Office, How Many Promises Has He Fulfilled?
In his first year as the 47th U.S. President, Donald Trump, dubbed the "Crypto President," took significant actions shaping crypto policy and markets. Key events include:
1. **Launch of TRUMP Meme Token**: Before taking office, Trump’s official meme token, TRUMP, surged briefly but led to over $2 billion in losses for 810,000 wallets, while generating $320 million in fees for issuers. It sparked a wave of celebrity meme coins and became a political lightning rod.
2. **Regulatory Shifts**: Trump swiftly fired SEC Chair Gary Gensler and appointed crypto-friendly officials, including David Sacks, Paul Atkins, and others. This led to the dismissal of cases against major crypto firms like Coinbase and Ripple, and the dissolution of the DOJ’s crypto enforcement team.
3. **Policy and Legislation**:
- Established a U.S. BTC strategic reserve using seized Bitcoin, signaling national-level crypto adoption.
- Signed the historic GENIUS Act, the first federal stablecoin law, strengthening dollar dominance and boosting markets.
- Advanced the CLARITY Act and anti-CBDC legislation, though some faced delays.
4. **Tariff Wars and Market Volatility**: Trump’s tariff policies caused major crypto market dips—notably, a 10-30% drop during April, August, and October 2025—amid accusations of insider trading exploiting his unpredictable announcements.
5. **Wealth and Controversy**:
- Trump’s family wealth grew by $14 billion, largely from crypto ventures like World Liberty Financial (WLFI) and TRUMP tokens.
- He pardoned Binance founder CZ, ending his prison sentence and fines, though critics alleged political favors due to business ties.
Throughout, Trump maintained a pro-crypto, "America First" stance, leveraging digital assets for political and economic gain while facing scrutiny over self-enrichment and market manipulation.
Odaily星球日报01/23 05:45
