Trump Pushes for Crypto Regulations as Bitcoin Surges to $90,000s

Donald Trump has recently called for clear regulations in the cryptocurrency sector, signaling a shift in his stance towards digital assets. This push for clarity comes as Bitcoin's price surged to the high $90,000s, driven by a combination of factors including institutional demand and geopolitical optimism. Trump's endorsement of Paul Atkins as the new SEC Chairman further indicates a potential policy shift towards more structured oversight of digital assets, a sector that has long faced ambiguity.

The appointment of Atkins, who is known for his pro-crypto views, aligns with Trump's recent advocacy for a Strategic Crypto Reserve. This initiative aims to bolster the United States' financial dominance by integrating digital assets into the national reserve strategy. The move has been met with optimism from the crypto community, as it suggests a more favorable regulatory environment for digital currencies.

Trump's call for regulatory certainty in the cryptocurrency industry came during the swearing-in ceremony of new SEC Chairman Paul Atkins. The President emphasized the need for transparent and prompt rules for digital assets, aligning with his administration's goal of making the U.S. a leader in digital finance. This stance marks a departure from his earlier skepticism, when he labeled Bitcoin a “scam” in 2021.

The crypto industry has long sought guidelines to navigate the complex U.S. regulatory landscape. The administration's efforts to establish clear regulations are part of a broader goal to position the U.S. as the global leader in digital finance. The recent rise in Bitcoin's value can be attributed to market optimism surrounding these regulatory developments and the leadership of Paul Atkins, who aims to create a regulatory environment that encourages growth while protecting investors.

The administration has taken bold steps in embracing digital currencies. In March 2025, Trump signed an executive order establishing a national Bitcoin stockpile, officially recognizing and including cryptocurrencies like Bitcoin, Ethereum, XRP, Cardano, and Solana in the strategic reserve. Additionally, on April 10, 2025, Trump signed a bill nullifying an IRS rule that considered DeFi exchanges as traditional brokers, further supporting the crypto industry.

Trump's pro-crypto stance has not gone unnoticed globally. While the European Central Bank has expressed concerns about potential financial risks, Trump remains steadfast in his belief that crypto is a driver of job creation and innovation. The administration's actions have been lauded by industry leaders, who see these developments as a significant step towards legitimizing digital assets.

The trajectory of Bitcoin's price and the efforts of the SEC in regulating the crypto market will likely determine the future of the digital asset sector. With the U.S. working to define a regulatory framework, investors are closely watching the sustainability of this growth. The administration's support for digital currencies positions the United States as a leader in the global crypto landscape, setting the stage for further developments in the sector.