U.S. President Donald Trump reinforced his support for cryptocurrency during a pre-recorded speech at the Digital Asset Summit in Manhattan. While he did not announce new policies, Trump emphasized the transformative potential of digital assets to drive economic growth. Addressing a packed audience, he highlighted the role of crypto pioneers in improving banking systems, enhancing privacy, and stimulating wealth creation for American consumers and businesses.
Trump underscored his administration’s commitment to supporting the crypto industry, pointing to recent actions taken since his second term began in January 2025. Notably, his administration has halted the sale of seized Bitcoin, dismantled the prior administration’s regulatory efforts under Operation Choke Point, and established a Bitcoin reserve using confiscated digital assets. “We’re ending the last administration’s regulatory war on crypto,” Trump declared, signaling a significant shift in policy direction.
Despite anticipation that he would address pressing issues like debanking and crypto taxation, Trump refrained from announcing new executive orders. Instead, he reiterated his administration’s existing efforts to roll back regulations imposed by the previous Biden administration. “The United States will dominate crypto and the next generation of financial technologies,” Trump asserted, projecting confidence in America’s leadership role.
Trump’s pro-crypto stance stands in contrast to other countries’ cautious approaches. While nations like El Salvador and Bhutan have adopted Bitcoin as a reserve asset, Switzerland remains hesitant to integrate digital currencies into its monetary policies. Analysts suggest, however, that growing global adoption and sustained U.S. support under Trump’s administration may eventually prompt Switzerland to revisit its position.
Meanwhile, regulatory frameworks for cryptocurrency adoption are evolving worldwide. In Pakistan, for instance, authorities are developing comprehensive legal guidelines to support the digital asset industry. These international efforts reflect a broader alignment with the United States' regulatory trajectory under Trump’s leadership.
Amid this shifting landscape, some industry analysts are challenging traditional assumptions about Bitcoin’s market cycle. Ki Young Ju, CEO of CryptoQuant, argued that retail investors are increasingly entering the market through Bitcoin exchange-traded funds (ETFs) rather than direct on-chain transactions. This trend, he noted, obscures retail participation in conventional on-chain metrics but reflects a substantial inflow of capital into the market.
As global regulatory landscapes evolve and U.S. policy under Trump continues to favor cryptocurrency innovation, the future of digital assets appears poised for significant transformation. While challenges remain, growing institutional and retail interest, combined with supportive policies, suggest a dynamic future for the crypto industry.