100 Days of Trump’s Presidency: Crypto Revolution or Disaster?

Donald Trump’s first 100 days in office have been a whirlwind for the crypto industry. Never before has a US president demonstrated such engagement with digital assets, from his own memecoin to creating a Bitcoin reserve. But behind the flashy initiatives lies a difficult reality. Trade wars, political pressure, and ethical conflicts are undermining confidence in the White House’s “crypto reset.”

The inauguration on January 20 became a symbolic starting point. On this day, key appointments began. Crypto lobbyist Paul Atkins was proposed (and later appointed) to head the SEC. Investor David Sacks headed the Science and Technology Council. Shortly before the inauguration, the Trump family’s meme coins were launched.

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100 Days of Trump’s Presidency: Crypto Revolution or Disaster?

Инна Козловская

Markets

On January 21, Trump unveiled the Stargate initiative, a massive investment in AI and infrastructure. He also pardoned Ross Ulbricht, the founder of Silk Road, a darknet online marketplace known for selling illegal goods for bitcoin (BTC). These moves immediately cemented his image as a “crypto president” playing on the side of the free digital market.

On January 23, Trump banned the digital dollar and created a blockchain task force. On March 7, he signed an executive order on the “Bitcoin Strategic Reserve.” Along with the creation of the Bitcoin Reserve, Trump established the US National Digital Asset Reserve, which included Ethereum (ETH), Solana (SOL), XRP, and Cardano. The culmination of the new US president’s “crypto-focus” was the first “Crypto Sasmit” in the White House.

It would seem that Trump would actually fulfill his campaign promises and make the United States the world’s crypto capital. But April 2 arrived — the US “Liberation Day”. The president signed an executive order introducing mirror tariffs of at least 10% for each country that imposes duties on American goods. In fact, the United States entered a trade war with the entire world. Former White House Communications Director Anthony Scaramucci said: “He declared a trade war without weapons. We are losing trillions, and the crypto asset market is no exception.” Financial markets reacted with panic: stock indices went into the red, cryptocurrencies collapsed. American miners suffered greatly. Rising prices for equipment and logistics jeopardized the profitability of Bitcoin mining.

On April 25, reports of “dinners with the president” for TRUMP coin holders surfaced online, angering lawmakers and accusations of corruption.

What’s the bottom line? The crypto industry has been through a lot in the first 100 days of Trump’s presidency. Some experts believe that he has “exacerbated” the crypto market. And despite efforts to create a crypto-friendly policy, the US president’s actions could negatively affect the crypto industry and slow down the adoption of important laws. Trump’s close ties to crypto projects raise ethical questions. And so, while some see Trump as a savior of digital freedom, others see him as a threat to stability and institutional trust. Perhaps the truth is somewhere in the middle.