We could be at the beginning of crypto’s biggest chapter so far, but only if we act quickly.
The Trump Administration has promised the world to the crypto community. They’ve stated, on record, that they want to turn the US into a crypto capital and help the landscape flourish.
But we’ve all heard big promises from presidents in the past.
If we want to actually get what we’ve been promised, we can’t get complacent. We — as a community who is passionate about crypto — need to scream from the rooftops that crypto matters.
After all, we won’t get another shot at this.
Here’s how you can help.
Last July, Trump took interest in a Strategic National Stockpile of BTC proposed in a bill out of Wyoming called the Bitcoin Act of 2024.
The bill calls for the purchase of 1 million BTC over 5 years, which cannot be sold for 20 years unless used to pay down the US Federal Debt.
The good news is we’ve already seen more than 20 US states take preliminary measures towards establishing their own BTC reserves.
We still need to know who will act as a custodian for this BTC stockpile, and exactly how it will be stored.
The custodial structure of this reserve will be key in avoiding corruption, value security, and ensuring its long-term success.
Crypto Czar David Sacks said in a recent press briefing that stablecoins have the ability to increase usage in the USD abroad, strengthening the US dollar’s dominance worldwide.
A February 4th bill on stablecoins by the Senate Banking Committee promises to:
“open a new frontier for crypto innovation by finally establishing a clear federal regulatory framework that preserves a strong state pathway to stablecoin issuance.”
The plan aims to achieve this by defining stablecoins, implementing regulatory standards, and creating enforcement with clear limitations.
While these plans might seem effective on paper, there are a lot of lingering questions.
For instance, how will the US “define” what is and is not a stablecoin?
In addition, what measures will be taken to avoid centralization of stablecoins and the de facto introduction of a CBDC?
Trump promised to fire Gary Gensler, the Commissioner of the SEC under the Biden administration.
Gensler was instrumental in stifling innovation in the crypto industry for 4 years, bringing more than 100 legal actions against crypto companies during his tenure.
Hester Peirce, who is “pro-crypto”, has since taken his place as Commissioner, and has verbally championed creating greater regulatory clarity on crypto in the United States.
The wider crypto community has welcomed Hester Pierce, and overwhelmingly celebrated the removal of Gary Gensler.
While that’s a massive step for crypto proponents, we still don’t know what a favourable regulatory environment will actually look like in practice.
For instance, will we finally get a resolution on which coins and tokens are considered “securities”?
Is privacy on the blockchain legal or illegal?
Before we can take a well-earned sigh of relief, we need these questions to be answered.
In Trump’s Crypto Executive Order, he explicitly bans central bank digital currencies (CBDCs) in the United States, and terminates any existing programs to develop and implement them.
That’s a major win for anyone who is opposed to the centralized control of money.
But the devil is in the details...
As a reminder, CBDCs are a major threat to crypto and personal freedoms. They use the same underlying technology, while helping the government rather than the end user.
While Trump’s executive order is a good first step, it defines a CBDC as:
“A form of digital money or monetary value, denominated in the national unit of account, that is a direct liability of the central bank.”
This phrasing means it’s technically possible for a dollar-backed stablecoin, which is not a direct liability of the central bank, to have almost all of the same characteristics of a CBDC.
In fact, just recently, Elon Musk mentioned using blockchain technology to add transparency and efficiency to the Department of the Treasury.
While this could be a boon for the crypto community, it could also quickly turn into a CBDC by a different name.
We need clearer language to ensure that no stablecoin (government controlled or not) becomes a centralized point of control over our personal finances.
It’s easy to get lost in the apathy of politics, where individual action can feel completely ineffective.
But we’re a massive community. By working together, we can make our voices heard.
Here’s three ways you can fight for the future of crypto right now:
You can actually send your ideas for crypto regulation directly to the new SEC Crypto Task Force.
If you have suggestions for the Crypto Task Force, you can email them to crypto@sec.gov with "Crypto Task Force Input" as the subject.
If you’d like to take it further, you could even set up a virtual or in-person meeting between your organization and the SEC. To do this, fill out a form requesting a meeting.
You'll need to write a short summary of what you want to discuss.
You could tell them, for instance, that you think free speech is a fundamental human right and that money represents a form of speech; therefore blockchains and the code written on them are free speech.
Or you could express a belief that cryptocurrencies should have lower taxes on capital gains, which could be a starter-move for Trump’s verbalization that he is looking into repealing the income tax.
The opportunities are endless, but by presenting your own argument directly to the SEC, you are making your voice heard in a meaningful way!
Contacting the office of your local representative and getting in touch with lawmakers can be a great way to show that you care about crypto.
Especially when you do it often.
This tool provided by the United States House of Representatives lets you easily find your representatives based on your ZIP code.
Then, it’s just a matter of drafting an email or calling their office to express your belief in the importance of regulation that helps — rather than harms — crypto.
Arguably the most important action you can take is being active and outspoken about your beliefs on social media.
Especially if you have nuanced beliefs about a technical topic like crypto.
Even if politicians want to take a “pro-crypto” stance, they may not know what that even looks like in practice.
Create an account on X, Reddit, Instagram, and TikTok, and make your voice heard.
You can even take things a step further by creating your own unique content in posts or videos. Comment under relevant posts, engage with information which advances your beliefs, and contribute to the discourse.
Trump is not afraid to make grandiose promises. For example, his promise to bring all BTC mining to the USA is basically impossible.
But we can bring MORE of it to the USA, and have a huge stake in the ownership of BTC with both federal and state stockpiles.
The reality is, we have to take our wins where we can — and to get those wins, we can’t take our eye off the ball.
Right now, especially while the US has a crypto friendly president, we need to push the administration to deliver what we were promised.
This is our once-in-a-lifetime chance to support the crypto industry and create the financial future we all want to be a part of.
That’s how we can turn 2025 into the beginning of crypto’s global takeover.
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