Six Months of Trump’s Crypto Agenda: Policy Gains and Fed Risks
For di last six months, President Trump don quickly carry out im 2024 promise say e go build one "crypto-friendly America." During di election, him team con raise about $3 million for crypto donations — dem get big help from Gemini’s Winklevoss twins and Jesse Powell from Kraken. After him enter office, Trump government don begin take back some SEC rules wey Biden put, dem delay stablecoin monitoring, and dem come give guidelines to make domestic Bitcoin mining grow, make US share for global hashrate pass 31.5%. E still appoint crypto-friendly people like SEC Acting Chair Mark Uyeda, nominate Paul S. Atkins as chair, plus create Digital Assets & AI Office wey venture capitalist David Sacks dey lead. But Trump dey always pressure Fed Chair Jerome Powell openly and dey call for quick rate cuts, dis one dey make people worry about Federal Reserve independence. Dis mixed signals — make regulation easy on one side and monetary policy risk for di other side — mean say crypto traders get chance and uncertainty at the same time.
Neutral
President Trump quick tak back SEC rules and support for local Bitcoin mining don boost crypto market feeling, showing short term good signs. Crypto traders fit benefit from slow stablecoin regulation and pro-mining policies, wey go make people dey buy more soon. But Trump dey put open pressure for Federal Reserve and him call for big rate cuts fit make central bank no independent. Past story show say when people no believe monetary policy, crypto money fit dey waka up and down and investors no go sure again. So, overall effect no too strong: traders go fit enjoy market up when policy win but dem go still need waka through wahala wey dey about future Fed moves and market steadiness.