Original|Odaily Planet Daily(@OdailyChina)
Author|Wenser(@wenser 2010)
On January 20, 2026, Trump marked his first anniversary as the 47th President of the United States. Over the past year, from the crypto market to the global economy, fluctuations and price movements often seemed tied to him alone—a single word could ignite market optimism, driving asset prices to surge; a single phrase could also become a trigger for decline, setting off a chain of "liquidation bombs."
Today, he is called the "Crypto President" by many. So, over this year, what key actions has Trump taken that not only defended this title but also steadily solidified it? Looking back, perhaps the following 5 major events can reveal the answer.
Major Event One: Unprecedented, the President Also Launches a Meme Coin
On January 18, 2025, Beijing time, just before his presidential inauguration, the official legitimate Meme coin TRUMP was officially launched. Within just one day, the price of TRUMP quickly rose from $0.5 to around $28, allowing a large number of cryptocurrency traders to earn wealth unimaginable to ordinary people, with some profiting millions or even tens of millions of dollars.
As the "eye of the storm," Trump saw his net worth skyrocket—driven by the launch of the TRUMP token, Trump's net worth surged over 400% overnight, reaching a staggering $28 billion; in contrast, Forbes' valuation of Trump's net worth in November 2024 was only $5.6 billion. Moreover, within less than three days, the FDV market cap of the TRUMP token once soared to nearly $80 billion, with its price approaching $80.
After the洗礼 (baptism) of the "Meme coin frenzy" in 2024, the crypto market welcomed the heavyweight political figure of the "US President," once again pushing open the "ceiling of influence" for cryptocurrency, with countless people placing their hopes of overnight wealth on Trump and the TRUMP token.
After all, "the US President launching a Meme coin" was a first in the cryptocurrency industry,堪称 (can be described as) "an unprecedented event."
But the flip side of overnight wealth was ruthless harvesting—the追捧 (pursuit) of the "President's Meme coin" could only delay its decline, not help it rise continuously.
By January 23, most TRUMP token holders were still at break-even or had profits/losses within $1,000; but by early February, as TRUMP trading activity waned and prices plummeted, the number of wallet addresses holding at a loss reached a shocking 200,000.
According to Chainalysis statistics, approximately 810,000 wallets lost money on the TRUMP token, totaling over $2 billion, averaging a loss of $2,500 per person. In contrast, as of May 2025,作为 (as) the issuer of the TRUMP token (Fight Fight Fight LLC and CIC Digital) earned over $320 million仅仅凭借 (just from) trading fees alone; not to mention the hundreds of billions of dollars worth of TRUMP tokens they controlled.
The emergence of TRUMP was an expensive, costly "crypto elective course," and its subsequent ripple effects extended beyond token price performance:
First, after TRUMP, market enthusiasm for celebrity coins一度 (once) reignited. Countless people争先恐后地 (scrambled) to buy the Meme coin MELANIA named after Trump's wife, the Meme coin LIBRA endorsed by Argentine President Milei, and even the President of the Central African Republic wanted a piece of the pie, but it ultimately ended in liquidity harvesting as well;
Second, TRUMP became "ironclad evidence of Trump's corruption" in the eyes of Democrats. This accusation was具体阐释 (specifically explained) in a report in the second half of 2025 and became the beginning of Trump demonstrating a "crypto-friendly regulatory attitude." The disputes between the two sides甚至持续至今 (have even continued to this day);
Third, the TRUMP token became the "best medium" for Trump to engage with people in the cryptocurrency industry. On one hand, Trump used it to convey his "pro-cryptocurrency political stance" to the outside world; on the other hand, TRUMP became the "monetary carrier" for Trump's in-depth exchanges with cryptocurrency industry figures.
In April 2025, registration opened for the "Trump Dinner"面向 (targeting) the top 220 TRUMP holders,引发 (triggering) $2.4 billion in on-chain transfers within a few days, a 60% surge in TRUMP price, and a 200% increase in on-chain activity. Many were willing to spend millions of dollars just to meet Trump. Ultimately, TRUMP Meme coin buyers invested a total of approximately $148 million in the holding competition, with an average holding of nearly $4.8 million worth of TRUMP per person. Among them, Justin Sun ranked first with over 1.43 million tokens.
On one side were retail market participants paying for the "President-concept Meme coin"; on the other was the "crypto dinner" of clinking glasses and toasting—a "crypto version of 'the wine and meat rot behind the vermilion gates' (extreme disparity between rich and poor)" Trump dinner, revealing (揭开的是) the most cruel yet extremely real众生相 (spectacle of all living beings) in the crypto market—some rejoice, some worry, only the house laughs.
Major Event Two: "A new broom sweeps clean," Layoffs, Appointments, Eliminating Dissent
On January 21, 2025, Beijing time, Trump was officially sworn in as the 47th President of the United States, becoming another recipient of the殊荣 (honor) of "being elected US President twice" after Washington, Roosevelt, and Obama.
What followed was naturally the political drama of "a new sovereign, new ministers." With the experience of a previous US presidential term, Trump was quite shrewd in personnel appointments:
Step one, "Kill the chicken to scare the monkey." As Trump had previously stated at the Bitcoin conference, on his first day in office, he swiftly fired the former SEC Chairman Gary Gensler, who had implemented high-pressure crypto regulation, firmly establishing his "pro-cryptocurrency" strong persona.
Step two, "Install confidants." Within just 3 months, Trump quickly assembled his team and placed people who highly aligned with his political views, owned cryptocurrency assets, or held crypto-friendly attitudes into key government departments. These included White House AI and Crypto Advisor David Sacks, SEC Chairman Paul Atkins, Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and others.
Step three, "A protracted war." As Trump's appointed Fed Chairman, Powell was seen as the "backbone of Fed policy," but his hawkish fiscal strategy ran counter to Trump's desire to stimulate economic development by releasing liquidity through interest rate cuts. Thus, disputes between the two persisted throughout 2025—starting in April 2025, Trump frequently attacked Powell, urging him to cut rates early; by December 2025, the battle over the nomination of the new Fed Chairman remained a major focal point affecting the crypto market and even the US economy.
Looking back at Trump's personnel appointments and management of government departments, it's hard to see him as a smooth, compromising politician;恰恰相反 (on the contrary), judging by the final results, Trump always found ways to achieve his political goals, sometimes even at the expense of so-called "broader interests." The 43-day US government shutdown last year, the "longest shutdown in US government history," was also one of Trump's "political masterpieces."
But on the other hand, all of Trump's actions had extremely clear goals—to清除 (clean out) the remaining Democratic forces from the previous Biden administration and lay the political foundation for crypto-friendly regulation. With these people in place, a series of "long-standing cases" were subsequently concluded—judicial investigations into crypto platforms like Coinbase, Gemini, Robinhood, Ripple, Crypto.com, Uniswap, Yuga Labs, Kraken, Polymarket were相继结束 (successively ended), the US Department of Justice's National Cryptocurrency Enforcement Team, which had consistently implemented high-pressure regulation, was dissolved, and the Biden administration's "crypto suppression actions" were gone for good.
After all, just like cleaning the house before inviting guests, clearing out a group of old officials and promoting a new group of "one's own people" allows government agencies to operate efficiently like a machine, making full preparations for future crypto-friendly regulatory legislation and enforcement work.
Major Event Three: "Making History with Decrees," Establishing a BTC Strategic Reserve, Promoting the Legislation of Three Major Crypto Bills
If the first two major events were "necessary preparations" for crypto-friendly regulation, then the third major event is the "necessary component" of crypto-friendly regulation—that is, implementing crypto-friendly regulation at the legislative and enforcement levels through executive orders and laws. And this series of historic breakthroughs is the biggest reason why Trump is called the "Crypto President."
Issuing a Presidential Executive Order to Establish a US BTC Strategic Reserve Using Seized Assets
In March 2025, Trump issued a presidential executive order to promote the establishment of a BTC strategic reserve in the United States. From then on, as the world's leading economic power, the US for the first time reserved BTC and other crypto assets in the name of the national government, which also meant that BTC had, to some extent, achieved the same strategic reserve status as gold. Although Trump chose a more clever way to promote this (Odaily Planet Daily Note: i.e., establishing the BTC strategic reserve with the nearly 200,000 BTC previously forfeited by the US government, and stating that national assets would not be used or the burden on citizens increased), its impact was profound.
On one hand, the US BTC strategic reserve set an example for many sovereign states to incorporate BTC and other crypto assets into their own economic systems, further expanding the mainstream adoption and普及化 (popularization) of BTC and other crypto assets; on the other hand, this move also provided a sample example for more DAT treasury companies, and provided national-level endorsement for the fiscal strategies of treasury companies like Strategy and Metaplanet. Subsequently, from July to September 2025, a large number of listed companies imitated the establishment of BTC treasuries, ETH treasuries, and SOL treasuries, which was influenced to some extent by this event.
Signing the Stablecoin GENIUS Act, Consolidating Dollar Hegemony
In July 2025, Trump officially signed the stablecoin GENIUS Act,自此 (from then on), a golden age for stablecoins began.
Specifically, the bill provided detailed regulatory definitions and implementation rules for stablecoins, which had previously had模糊 (blurry) boundaries and lacked regulation, covering aspects such as the definition of payment stablecoins, dual licensing regulation, 100% reserve requirements, mandatory transparency disclosure, anti-money laundering compliance, priority protection of users, and clear regulatory authority.
At the same time, this bill was not only the first federal-level stablecoin bill in US history but also the first cryptocurrency bill signed by a US president, making its historical status and industry significance extremely special. Of course, the stablecoin system, deeply bound to the US dollar, also coincided with Trump's "America First" political strategy, further strengthening the hegemonic status of the US dollar in the global economic system.
Influenced by the passage of the Stablecoin GENIUS Act and other positive factors, BTC's price rose突破 (broke through) to around $110,000, setting a new historical high; on the other hand, the Stablecoin GENIUS Act also added fuel to Circle's crypto IPO, helping its stock price surge 10-fold from around $30 at IPO to nearly $300. Thus, this single major利好 (positive development) drove the rapid development of the US stock stablecoin sector, the Hong Kong stablecoin track, and even stablecoin, PayFi, and crypto payment tracks worldwide.
Additionally, with Trump's strong push, the other two major crypto bills, the CLARITY Act and the Anti-CBDC (Digital Dollar) Act,相继通过众议院投票 (successfully passed House votes), taking a solid step forward in cryptocurrency legislation. As promised before, Trump once again set an example, clearly classifying digital assets and defining regulatory归属 (ownership), promoting the development of the DeFi industry; refusing to establish a central bank digital dollar, protecting the digital asset self-custody rights of US citizens.
To this day, although the CLARITY Act has阶段性陷入僵局 (reached a temporary impasse) due to Coinbase's opposition and Senator审批受阻 (approval obstacles), compared to the previous "historical空白 (blank),"; the many breakthroughs at the legal level are already historic moments.
Perhaps Trump, having served as US President twice, also understands that compared to various law enforcement activities when taking office, fixing one's governance agenda and political will into law through legislation is a more lasting and effective political means.
Major Event Four: Wielding the Tariff Stick, Market Volatility, Crypto Market Becomes an Insider Stage
If the above major events show the side of Trump that plays a role and benefits the crypto market, then mentioning the "tariff stick," I believe many in the crypto community, including myself, would find it hard to smile.
The reason is simple: whenever Trump launches an external tariff trade war and releases hawkish signals, the crypto market and even traditional financial markets fall in response,流血成河 (bleeding profusely). No wonder everyone sighs that when Trump starts a tariff trade war, it's ultimately our crypto users' wallets that pay the bill.
The three large-scale tariff trade wars launched by Trump in April, August, and October 2025 all inflicted heavy damage on the crypto market—
Last April, Trump launched global reciprocal tariffs and universal tariffs, with tariff levels increasing by over 10%, covering many EU countries; he even proposed raising tariffs on China to 125% and suspending tariffs on friendly countries. Affected by this, the cryptocurrency market cap once fell by up to 10% in a single day. The US stock market lost $6 trillion in market cap in a few days, with countless individual stocks流血成河 (bleeding profusely);
Last August, Trump signed the latest tariff executive order, deciding to impose tariffs of 15% to 41% on imported goods from 67 trading partners, pushing the overall tax rate to its highest level in over a century. Affected by this, the cryptocurrency market overall suffered setbacks, with the three major mainstream coins BTC, ETH, and SOL falling about 5% in a single day, significantly retreating from historical highs; subsequently, this tariff order was temporarily suspended for 90 days;
Last October, Trump launched another tariff war, Sino-US trade relations cooled again, affected by this news, BTC once fell over 13%, ETH once fell over 17%, countless altcoins fell even more than 30%;叠加 (coupled with) factors such as exchange flash crashes and liquidations, the single-day资金清算规模 (fund liquidation scale) in the crypto market reached $20 billion, with the real爆仓资金规模 (liquidation fund scale) estimated at $30-40 billion.
According to statistics, in 2025, the US average effective tariff rate rose to 27%, the highest level in nearly 100 years,一度引发 (once triggering) policy retaliation from major global economies and supply chain disruptions in the global economic system.
One tariff trade war after another brought not only panic psychology to the crypto market and traditional financial markets but also连环下跌 (chain reactions of decline) caused by panic. Moreover, in the剧烈波动 (violent fluctuations) caused by tariffs, insiders with access to inside information engaged in long and short trades, obtaining huge financial returns, also casting a shadow over the normal order of the crypto market.
It is worth mentioning that the横行 (rampant) insider trading and Trump's capricious tariff policy also contributed the term "TACO trading" (Odaily Planet Daily Note: Trump Always Chickens Out, meaning Trump-style backing down, referring to his initial toughness only for利益 (benefit), followed by a softening attitude, turning dovish) to the crypto market. Countless crypto whales used this expectation to go long and short on Hyperliquid and CEX, harvesting their share of wealth from the crypto market.
To this day, the "10·11 insider whale" Garrett Jin is still active in the market and is regarded as an insider of the Trump family or Trump faction. Besides his operations in the contract market, his early bet on "Trump pardoning CZ" is also seen as evidence of "insider trading."
Major Event Five: Family Wealth Soars, Pardoning Binance Founder CZ
Compared to the slightly猖獗 (rampant) insider trading, another much-criticized issue with Trump is his family's crypto project WLFI and a series of highly controversial crypto business布局 (layouts). Additionally, Trump's pardon of CZ in October last year once sparked widespread discussion in the market.
Trump's "Wealth Creation Scripture": Family Wealth Soars by $1.4 Billion in One Year
According to Bloomberg, over the past year, crypto assets have added approximately $1.4 billion to the Trump family's wealth. Currently, cryptocurrency accounts for about one-fifth of the Trump family's total net assets of approximately $6.8 billion, reaching this proportion for the first time.
During Trump's second term, the Trump family obtained significant收益 (returns) through the crypto platform World Liberty Financial (WLFI) he co-founded, the Meme coin named after him (TRUMP), and the bitcoin mining company American Bitcoin Corp. (ABTC), among other new projects. Among them, World Liberty's platform token WLFI and stablecoin USD1 business were significantly valued.
At the same time, the stock price of Trump Media & Technology Group fell 66% over the past year, partially offsetting the gains from crypto assets; family members also invested in companies like SpaceX through the venture capital firm 1789 Capital and expanded the Trump Organization's global real estate licensing business.
As for the Meme coin MELANIA named after Trump's wife issued after the TRUMP coin, it wasn't even worth mentioning as an添头 (add-on). Furthermore, according to a personal financial document disclosed by Trump in June 2025, as of January 2025, Trump himself still held about 15.7 billion WLFI tokens, which are still worth approximately $2.6 billion at current prices.
After one year in office, Trump and his family acquired wealth on the scale of tens of billions of dollars through business expansion, political donations, and various cleverly named activities and dinners, making one不禁感叹 (can't help but sigh):不愧是 (as expected of) a US presidential family with a real estate developer background.
Trump Exercises Presidential Privilege to Pardon CZ: A Handshake and Reconciliation Between Crypto Regulation and Government Power
Another thing worth mentioning separately is Trump's pardon of Binance founder CZ.
On the evening of October 23, 2025, the Wall Street Journal reported that Trump had pardoned Binance founder CZ, and he had recently told advisors that he sympathized with the narrative of political persecution related to CZ and others. White House press secretary Caroline Levitt stated that Trump "exercised his constitutional power to pardon Mr. Zhao, who was prosecuted during the Biden administration." She added: "The Biden administration's war on cryptocurrency is over." From then on, CZ's previous 4-month prison sentence and Binance's $4 billion fine迎来了沉冤昭雪时刻 (ushered in a moment of vindication).
Of course, due to the deep business往来 (connections) between Binance and WLFI (Odaily Planet Daily Note: Previously, Binance accepted a $2 billion investment from the UAE sovereign fund MGX, in the form of the stablecoin USD1 issued by the Trump family's crypto project WLFI), and Binance's hiring of lobbyist Ches McDowell, who was close to Trump's eldest son Trump Jr., to assist in seeking a pardon, the crypto market and even some US Democratic senators questioned whether there was bribery or corruption involved, with widespread external suspicion that pardoning CZ might involve political favors.
To this day, this matter has been concluded, but speculation and criticism about Trump using power for personal gain and family profit仍然甚嚣尘上 (still rage on).
Conclusion: Trump Never Changed, Always a Businessman-Type Politician
Regardless of external voices, Trump, as president of a country, remains稳坐钓鱼台 (firmly seated),履行着 (fulfilling) his duties and享受着他的权力 (enjoying his power). And in his nearly 80 years of life, his character底色 (underlying color) has never changed—he has always been a businessman who believes in value exchange and prioritizes利益 (interests) first.
As for the title of "Crypto President" and the vision of "building the US into the world's crypto capital," they are just byproducts of Trump maximizing the role of crypto assets.
For this purebred American octogenarian, "America First" remains the survival philosophy he believes in.
Recommended Reading:
Who Are Those Who Profited Over a Million Dollars on TRUMP? KOLs Who Won Big and Disappointed ETH Maxis
《Trump Establishes BTC Strategic Reserve as Promised, but Funding Source Relies Solely on Seizures?》
Historic Moment: Trump Officially Signs the《GENIUS Act》
《Trump's Financial Big Reveal: Holding 15.7 Billion WLFI Tokens, $50 Million Sexual Assault Case Payout》
《Digging Deep into the "Mastermind" Behind the Tariff War, Over $6 Trillion Evaporated Overnight Just Because of Him?》
《Trump Pardons Binance Founder CZ: 13 Months, From Prison Sentence to Complete Freedom》
