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Trumpโs Digital Asset Promises Midterm ReviewDuring the 2024 campaign, Donald Trump promised to turn the U.S. into the world's crypto capital.
Two years later, it's possible to see what actually happened and what remained campaign rhetoric.
โก๏ธ The Strategic Bitcoin Reserve was created using confiscated BTC, with the U.S. now holding over 328,000 BTC.
โก๏ธ The SEC dramatically softened its stance toward crypto and dropped several high-profile cases against industry companies.
โก๏ธ Congress passed the GENIUS Act, creating the first federal framework for stablecoin regulation.
โก๏ธ The administration blocked plans for a U.S. CBDC and positioned itself as pro-crypto.
โก๏ธ Prediction markets such as Polymarket and Kalshi received a friendlier regulatory environment.
At the same time, controversy followed Trump's own crypto activities.
โ The TRUMP and MELANIA memecoins generated billions in value and sparked conflict-of-interest accusations.
โ World Liberty Financial and other Trump-linked crypto ventures faced scrutiny from critics and lawmakers.
The bigger takeaway is that politics can change regulation, but it can't eliminate market cycles.
Despite a crypto-friendly White House, the market still experienced major volatility, proving that even presidential support doesn't guarantee higher prices.
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