U.S. congressional records, official announcements from the White House

Trump Forms Crypto Council, Targets 2025 Legislation to Make U.S. Crypto Capital

Dec 26, 2024, 11:29 AM

President-elect Donald Trump is set to prioritize cryptocurrency policy in his second term, with a focus on establishing the U.S. as the 'crypto capital of the planet.' Trump has announced the formation of a 'crypto council' and appointed tech figures to key roles, signaling a pro-cryptocurrency stance. His administration is expected to push for crypto-friendly legislation in 2025, with key issues including stablecoins and the FIT21 Act. Trump's promise to ensure all remaining Bitcoin is 'made in USA' faces significant challenges due to the decentralized nature of blockchains. Additionally, Trump is considering the creation of a strategic Bitcoin reserve, a policy that has stirred debate among analysts and former officials.