White House: ’US is the global crypto capital’ — CFTC to modernize rules
The White House posted on its official X account that, under former President Trump’s policies, the United States is now the world’s crypto capital. CFTC Chair‑designate Mike Selig responded, endorsing the claim and saying there is no better place for crypto startups. He added that the Commodity Futures Trading Commission will pursue modernization of its rules and regulations to support cryptocurrency and on‑chain finance, aiming to ensure those innovations are “Made in the USA.” The announcement signals coordinated federal-level messaging and an intent to update regulatory frameworks to accommodate crypto markets.
Bullish
The White House statement and the CFTC chair’s pledge to modernize rules signal pro‑crypto policy intent and regulatory clarity — factors that generally support market confidence. Clear federal messaging that the US is positioning itself as a crypto hub reduces policy uncertainty and can encourage investment, fundraising, and development activity. In the short term, this may lift crypto risk sentiment and boost asset prices as traders price in potential easing or constructive regulation. Over the medium to long term, updated, predictable regulatory frameworks typically attract institutional participation and infrastructure growth, which is bullish for market liquidity and maturity. Caveats: outcomes depend on the substance of reforms; stricter compliance requirements or aggressive enforcement could offset positives. Historically, pro‑innovation regulatory signals (e.g., clearer guidance or supportive enforcement priorities) have correlated with positive price reactions and higher trading volumes, while ambiguous or hostile policies have produced selloffs.