Trump’s Policies May Drive a Global Pro-Crypto Shift

The crypto market is undergoing significant shifts, with U.S. President Donald Trump's policies playing a crucial role in these changes. Trump’s administration has already sparked discussions about crypto’s future, and many industry experts predict that his stance on digital assets could trigger a ripple effect across the globe.

A New Era for Crypto in the U.S.

Under Trump’s leadership, the U.S. has begun to embrace crypto more openly. Richard Teng, CEO of Binance, highlighted this change during a recent panel at CONVERGE LIVE in Singapore, noting that the U.S. is now leading the way in crypto adoption, making it a global reference point for other countries. This move away from regulatory uncertainty could prompt other governments to follow suit.

The administration’s policies signal a shift from the regulatory hostility seen under the previous government. Teng suggested that for the crypto sector, the comparison between the Biden and Trump administrations couldn’t be starker. Binance’s CEO wasn’t shy in expressing his preference for Trump’s policies, remarking that the crypto industry is much better positioned under Trump’s leadership.

During Biden's presidency, crypto businesses faced significant challenges, including accusations of “regulation via enforcement” and attempts to cut off banking services to crypto firms. In contrast, Trump seems keen on taking a more welcoming approach, particularly with the introduction of crypto reserves.

The Impact of Trump’s Strategic Reserve For Crypto

As Trump’s administration ramps up its support for crypto, the impact is already noticeable. His recent executive order to establish a strategic crypto reserve in the U.S. sets a new precedent. By using digital assets seized from criminal cases, the government is signaling that crypto is here to stay.

Richard Teng described the crypto reserve as a “landmark” point, noting that it signals to the world’s largest capital market that cryptocurrencies like Bitcoin are now part of the official reserve.

Although many investors were left disappointed when the crypto reserve details fell short of their expectations, Teng downplayed the recent market pullback, describing it as a “tactical retreat.” He emphasized that, like any other asset class, digital assets aren’t immune to broader macroeconomic factors, such as concerns over Trump’s tariff plans and global economic uncertainty.

Chao Deng, CEO of HashKey Capital, also shared this view, highlighting the immense momentum building within the industry. He stated that under Trump, “the momentum is building; institutional and retail adoption of crypto assets is immense.”

By creating a favorable environment for crypto, including nominating pro-crypto lawmakers, Trump has set the stage for the industry to flourish. This shift has already led to greater involvement from banks, which is considered one of the most crucial changes in the post-Biden landscape. With banks now more comfortable working with crypto companies, the industry’s growth prospects look even brighter.

Will Other Countries Follow?

More to that, Teng believes that the momentum won’t just stay local. Countries worldwide, seeing the U.S. embrace digital assets, may feel pressured to follow suit. He assumed that it could urge the governments of other countries to consider Bitcoin and other cryptocurrencies in their own financial strategies.

While market reactions have been mixed as Bitcoin prices have dipped since Trump’s announcement, with broader concerns over tariffs and economic policies, there is a strong long-term outlook. The strategic changes introduced by Trump could be the driving force behind a global shift toward a more crypto-friendly world.

There’s still uncertainty, especially with reports suggesting that Trump’s family is in talks for a stake in Binance.US. Meanwhile, Binance’s founder, Changpeng Zhao, has denied the claims, brushing off the media attention as part of a broader attack on the crypto industry.

Regardless of the rumors, there’s no doubt that Trump’s policies are set to reshape the crypto landscape. The broader impact of such policies is still unfolding, but it’s clear that his administration’s pro-crypto stance could inspire countries around the world to reconsider their own regulatory frameworks. It could mark the start of a new, more inclusive era for digital assets worldwide.