Trump administration declares crypto the greatest financial revolution since the internet

The United States has taken a bold step in reshaping its financial landscape with a presidential declaration that positions cryptocurrency as the most significant financial revolution since the internet. In a recent statement, the President of the United States characterized digital assets as a transformative force, signaling a major shift in the White House’s approach to regulating and promoting the crypto sector. This declaration, coupled with a comprehensive report from the President’s Working Group on Digital Asset Markets, outlines a national strategy aimed at reinforcing U.S. leadership in digital financial technology [1].

The report, released on July 30, 2025, was developed in response to an executive order issued earlier this year titled Strengthening American Leadership in Digital Financial Technology. It calls for a regulatory framework that supports innovation while addressing risks in areas such as banking, taxation, anti-money laundering (AML), and market structure. The White House, alongside key agencies including the SEC and CFTC, is advocating for updated rules that reflect the evolving nature of digital assets [1]. This marks a clear departure from earlier, more cautious approaches to crypto regulation under previous administrations.

President Donald Trump has been a vocal supporter of digital assets, emphasizing their potential to drive economic growth and technological advancement. At a recent rally in Texas, he declared that “cryptocurrency represents the greatest financial revolution since the internet,” reinforcing the administration’s pro-crypto stance [2]. This sentiment is shared by SEC Chair Paul Atkins, who has described the new policy as a “blueprint to make America first in blockchain and crypto technology” [1]. The report explicitly supports the use of U.S. dollar-pegged stablecoins and rejects the idea of a central bank digital currency (CBDC), underscoring the administration’s commitment to maintaining the dollar’s global influence.

The new policy includes several key measures designed to foster a more hospitable environment for digital asset businesses. These include safe harbors and innovation exemptions that aim to reduce regulatory uncertainty and encourage experimentation in the sector. The report also emphasizes the importance of self-custody rights for digital assets, a move that is expected to enhance consumer choice and promote capital formation [1]. According to analysts, these changes signal a growing opportunity for companies willing to engage with the emerging digital finance ecosystem [1].

To further solidify the administration’s commitment, President Trump signed the GENIUS Act into law on August 6, 2025. This legislation is seen as a landmark moment in the federal regulation of digital currencies, as it aims to provide a more stable and predictable environment for the crypto industry while ensuring compliance with evolving standards [3]. The law is expected to encourage greater participation from institutional investors, potentially leading to a surge in digital asset values and broader market adoption.

The policy shift also highlights the need for greater collaboration between industry stakeholders and regulators, particularly in areas such as AML, tax compliance, and digital identity. As the regulatory landscape continues to evolve, the report encourages companies and industry groups to actively participate in shaping the development of regulatory sandboxes and safe harbors, which are seen as key tools for fostering innovation while mitigating risk [1]. The administration’s approach is viewed as a strategic effort to position the U.S. as a global leader in the digital finance revolution.

Sources:

[1] President's Working Group Declares a New Era for Digital Assets

https://www.alstonconsumerfinance.com/presidents-working-group-declares-a-new-era-for-digital-assets/

[2] Donald Trump declared crypto as the “greatest financial revolution since the internet”

https://www.instagram.com/p/DNVdJEmBrgE/

[3] Trump vows to make US 'crypto capital of the planet,' signs

https://www.aol.com/trump-vows-us-crypto-capital-192659549.html