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Trump’s 100-Day Crypto Bender

Trump’s 100-Day Crypto Bender

Chris Campbell

Posted April 30, 2025

Chris Campbell

If I told you in 2017 Trump would come back in 2025…

...hoard Bitcoin in a “digital Fort Knox”…

...replace Gary Gensler with a crypto bull…

...and airdrop a meme coin to top supporters…

You’d think I was high on mushrooms.

But here we are.

100 days into his second term, we’ve seen:

  • The U.S. government is now the world’s largest sovereign holder of Bitcoin, with no intentions of selling.
  • The SEC is playing nice.
  • Banks are allowed to touch crypto again.
  • And yes—there’s now a guy in the White House with the title “Crypto Czar.”

Let’s rewind to the beginning to see how it started, where we’re at now, and where this is all going.

The Wrecking Ball

On January 23, Trump signed his first major crypto order:

 “Strengthening American Leadership in Digital Financial Technology.”

It wasn’t subtle.

The EO declared:

  • Every American has the right to mine, self-custody, and run nodes.
  • Agencies must support the use of public blockchains
  • Banks can no longer discriminate against legal crypto businesses.
  • CBDCs? Banned. Outright. Zero discussion. He called them “surveillance coins.”

In short, Trump’s EO nuked everything the Biden administration had built:

Biden’s 2022 Executive Order? Gone.

The Treasury’s crypto “risk” framework? Burned.

The IRS “broker rule” for DeFi (that would’ve treated DeFi like traditional banks)? Overturned by Congress. Signed by Trump in April.

The OCC, FDIC, and Fed also killed every single anti-crypto banking memo from 2023.

Meaning? Banks no longer need permission to handle crypto. Not for custody. Not for stablecoins. Not for anything.

Meanwhile in Beijing…

This wasn’t just deregulation.

Perhaps it was also a geopolitical chess move.

While China pushes its BSN Spartan Network — a neutered, tokenless, state-controlled clone of Ethereum — Trump planted the opposite flag.

If you haven’t heard of BSN…

Think Huawei for 5G — but blockchain. BSN is what China is attempting to export through Asia, Africa, and the Middle East.

Like 5G, China wants to set the international standards for this emerging technology.

And, as it happens, permissionless public blockchains are the one thing China can’t “copy, paste, control”.

Meet the New Cabinet

Finally, let’s look at the people Trump surrounded himself with:

  • Hester Peirce: Leading the “Crypto 2.0” Task Force. Advocating token safe harbors and ETF expansion.
  • Paul Atkins: Acting SEC Chair. Ending the war on DeFi.
  • Caroline Pham: Acting CFTC Chair. Pushing for spot crypto regulation and legal DeFi pilot programs.
  • Rodney Hood: Acting Comptroller. Reinstated the 2020 crypto bank guidance.
  • Scott Bessent: Treasury Secretary. Wants to weaponize stablecoins to preserve dollar dominance.
  • D. Vance: VP. Talking Bitcoin in backrooms with senators.
  • Judge Judy Shelton: Studying how crypto impacts geopolitical power.

In short, Trump’s first 100 days in office weren’t about building something new…

They were about demolishing the last four years of regulatory hostility toward crypto, brick by brick.

What about the next 100 days?

The Next 100 Days

They’re focused on the future.

What’s coming:

  • New classifications for digital assets.
  • Clear rules for stablecoins and DeFi protocols.
  • A national mining strategy — tying Bitcoin to energy and security.
  • Pilot zones for legal DeFi innovation.
  • Sovereign crypto infrastructure, with the U.S. setting the standards.

Crypto isn’t the outsider anymore.

It’s not hiding in Reddit threads or Discord servers.

It’s sitting at the table. Wearing a suit. Writing the rules.

And those who see what’s coming? They’re the ones who’ll reap the biggest rewards.

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