Main highlights
- White House Press Secretary Highlights President Trump’s Efforts to End Biden Administration’s War on Crypto Industry
- Under the Trump administration, the United States witnessed a major policy shift, establishing a pro-innovation stance through executive orders that eliminated restrictive policies.
- Federal agencies like the SEC continue to work toward clarifying regulations.
White House press secretary Caroline Levitt said in a press conference that US President Donald Trump has “officially ended the Biden administration’s war on the crypto industry.”
đź’ĄBreaking news:
The White House said President Trump “officially ended the Biden Administration’s war on the crypto industry.” pic.twitter.com/nNLdBLdfY4
— Crypto Rover (@cryptorover) November 4, 2025
Trump administration is working to end cryptocurrency crackdown
Since the inauguration of the second Trump administration in January 2025, the United States has undergone major changes in its approach to digital assets.
The new leadership has moved decisively to end what it calls regulatory harassment of the crypto sector, a practice associated with the previous administration’s Securities and Exchange Commission.
On January 23, President Donald Trump signed a major executive order aimed at solidifying America’s dominance in digital finance. The directive immediately reverses more than 80 Biden administration-era regulatory policies, establishes a formal ban on U.S. central bank digital currencies, and creates a new Presidential Task Force on Digital Asset Markets.
The group, led by David Sachs, released a detailed 160-page report in July 2025 that argued for clearer regulatory boundaries and creation of rules for stablecoins. This pro-innovation stance was a huge catalyst for the market, pushing the price of Bitcoin above $100,000 and increasing the global crypto market capitalization by more than $1 trillion since the 2024 election.
SEC moves from adversary to ally
The agency established the Cryptography Task Force in January 2025 under the leadership of Acting Commissioner Mark Ueda, which was later confirmed permanently. This group was tasked with creating a more practical regulatory framework.
By mid-2025, the SEC issued new guidance stating that memecoins are not securities, replacing the restrictive accounting bulletin regarding storage of cryptocurrencies with a more flexible version, and allowing broker-dealers to handle stablecoins without full securities registration.
This new, lighter approach resulted in the suspension or dismissal of approximately 90 pending enforcement actions. This marks a clear retreat from the previous strategy of ‘regulation by enforcement’ and encourages institutional participation in the market.
remarkable legislative effort
Congress has acted to enact important legislation to strengthen the administration’s goals. In July 2025, during a period known as “Virtual Currency Week,” President Trump signed the GENIUS Act. This landmark legislation establishes the first comprehensive federal framework for stablecoins, requiring them to be backed 1:1 by safe assets like those in the United States.
The Treasury Department explicitly exempts them from being classified as securities, while requiring issuers to obtain a license and comply with anti-money laundering rules. A related bill, the CLARITY Act, aims to clearly divide regulatory oversight of digital assets between the SEC and CFTC, and although it passed the House of Representatives, it is still being considered in the Senate as of November 2025.
The new policy direction also led to the resolution of several major legal battles that had clouded the industry. The long-running lawsuit between the SEC and Ripple was jointly dismissed with prejudice in August 2025 after the SEC decided to drop the appeal earlier this year.
Similarly, the SEC’s lawsuit against global cryptocurrency exchange Binance was dismissed outright in May 2025, with no new penalties imposed beyond the company’s previous settlement with the Department of Justice. These layoffs are seen as a milestone, bringing the regulatory clarity the market has long sought.
For the founders of privacy tool Tornado Cash, the situation remains complicated. An important US court ruling in January 2025 ruled that the underlying smart contracts are not sanctionable property.
Co-founder Alexei Pertsev was released from pre-trial detention in the Netherlands to house arrest in February 2025 while he prepared for an appeal.
To date, the Trump administration’s policies have been successful in triggering significant growth in the cryptocurrency sector through reduced litigation and new rules.