Trump’s Renewed Crypto Push
- Trump reaffirms his goal to make the U.S. the crypto capital, with bullish hints on Bitcoin and altcoins.
- Major wins include the GENIUS Act, stablecoin clarity, and a ban on CBDCs, though the strategic Bitcoin reserve is still in limbo.
- Inflation data and rate cut expectations could make or break the current market rally in the short term.
The Trump administration’s pro-crypto stance keeps making waves in 2025 — and this week, the U.S. President doubled down. In a White House address, Trump repeated his pledge to make America the global crypto capital, hinting at a bullish view for both Bitcoin and altcoins. While traders read his comments as a possible sign of more upside, the bigger takeaway is that his administration’s crypto strategy — blending digital assets with traditional finance — isn’t slowing down.
Key Policy Milestones So Far
Despite some earlier policies like tariff measures denting market sentiment, Trump’s team has chalked up major pro-crypto wins. The most high-profile was the GENIUS Act, passed last month, delivering regulatory clarity for stablecoins and paving the way for institutional investment. Earlier in March, Trump announced plans for a strategic Bitcoin reserve — though progress there has been slow — and he’s been reshaping the regulatory landscape with tax reforms favoring DeFi and by placing crypto-friendly officials in top posts. Notably, the administration banned CBDCs, a move pitched as protecting crypto from surveillance-heavy competition.
— Coin Bureau (@coinbureau) August 9, 2025
TRUMP: CRYPTO IS ONLY GOING FURTHER!
President Trump doubles down — says Bitcoin & crypto will keep climbing under his administration.
WAGMI in his words: “You’re gonna do really well.”pic.twitter.com/hm3IBesMss
Economic Data Could Shape Market Mood
The crypto market’s recent rebound now faces a big test with U.S. inflation data due this week. Rate cut odds surged from 74% on Aug. 1 to 93% by Aug. 10, with Polymarket showing an 82% chance of a September cut. Bulls argue the rally’s already pricing in good news, but critics — including Henrik Zeberg of Swissblock — warn of a looming 2022-style crash if the broader financial bubble bursts. Weak treasury demand, questionable jobs data, and a falling dollar index are all adding to recession chatter.
The Balancing Act Ahead
For now, risk-on assets like BTC and equities remain buoyant, but the mix of political optimism and economic uncertainty makes for a fragile balance. If inflation numbers align with rate cut expectations, Trump’s pro-crypto messaging could find even more traction. But if recession fears intensify, the market’s current rally could flip into a sharp correction.
The post Trump’s Renewed Crypto Push first appeared on BlockNews.
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Trump’s Renewed Crypto Push
- Trump reaffirms his goal to make the U.S. the crypto capital, with bullish hints on Bitcoin and altcoins.
- Major wins include the GENIUS Act, stablecoin clarity, and a ban on CBDCs, though the strategic Bitcoin reserve is still in limbo.
- Inflation data and rate cut expectations could make or break the current market rally in the short term.
The Trump administration’s pro-crypto stance keeps making waves in 2025 — and this week, the U.S. President doubled down. In a White House address, Trump repeated his pledge to make America the global crypto capital, hinting at a bullish view for both Bitcoin and altcoins. While traders read his comments as a possible sign of more upside, the bigger takeaway is that his administration’s crypto strategy — blending digital assets with traditional finance — isn’t slowing down.
Key Policy Milestones So Far
Despite some earlier policies like tariff measures denting market sentiment, Trump’s team has chalked up major pro-crypto wins. The most high-profile was the GENIUS Act, passed last month, delivering regulatory clarity for stablecoins and paving the way for institutional investment. Earlier in March, Trump announced plans for a strategic Bitcoin reserve — though progress there has been slow — and he’s been reshaping the regulatory landscape with tax reforms favoring DeFi and by placing crypto-friendly officials in top posts. Notably, the administration banned CBDCs, a move pitched as protecting crypto from surveillance-heavy competition.
— Coin Bureau (@coinbureau) August 9, 2025
WAGMI in his words: “You’re gonna do really well.”
Economic Data Could Shape Market Mood
The crypto market’s recent rebound now faces a big test with U.S. inflation data due this week. Rate cut odds surged from 74% on Aug. 1 to 93% by Aug. 10, with Polymarket showing an 82% chance of a September cut. Bulls argue the rally’s already pricing in good news, but critics — including Henrik Zeberg of Swissblock — warn of a looming 2022-style crash if the broader financial bubble bursts. Weak treasury demand, questionable jobs data, and a falling dollar index are all adding to recession chatter.
The Balancing Act Ahead
For now, risk-on assets like BTC and equities remain buoyant, but the mix of political optimism and economic uncertainty makes for a fragile balance. If inflation numbers align with rate cut expectations, Trump’s pro-crypto messaging could find even more traction. But if recession fears intensify, the market’s current rally could flip into a sharp correction.
The post Trump’s Renewed Crypto Push first appeared on BlockNews.
Read More