Trump Defends CZ Pardon, Vows US as Global Crypto Capital
In a ‘60 Minutes’ interview, former President Donald Trump reaffirmed his goal to make the US the world’s leading crypto hub. He highlighted executive orders to establish a Digital Asset Policy Task Force and a Strategic Bitcoin Reserve, and reversed several SEC enforcement actions against major exchanges including Coinbase, Gemini, OpenSea and Uniswap. Trump defended his pardon of Binance co-founder Changpeng Zhao—who had pleaded guilty to Bank Secrecy Act violations—calling it a “Biden witch hunt.” He also cited the Trump family’s Bitcoin mining and meme-coin ventures, estimated to have generated over $1 billion in profits. Trump dismissed corruption concerns around the Trump-linked USD1 stablecoin and Binance.US talks as baseless. These policy moves and the high-profile pardon signal renewed regulatory support for the crypto sector and have drawn criticism from Senator Warren and Representative Nadler.
Bullish
Trump’s executive orders on a Digital Asset Policy Task Force and a Strategic Bitcoin Reserve, combined with rolling back SEC actions and pardoning Binance’s CZ, reduce regulatory uncertainty and signal strong government support for Bitcoin. In the short term, BTC could see a price rally on positive sentiment; long term, clearer policy frameworks and potential institutional demand from a US Bitcoin reserve are likely to drive sustained growth.