In a sweeping move to reshape America’s digital future, former President Donald Trump has revealed an extensive cryptocurrency strategy that’s making waves across financial markets. The executive order designates cryptocurrency as a national priority and establishes a Presidential Working Group on Digital Asset Markets to oversee the development of federal regulations. A key focus will be on enhancing industry representation through a dedicated cryptocurrency advisory council.
At the center of this transformation is Silicon Valley veteran David Sacks, who’s been appointed as the nation’s first “AI & Crypto Czar.” While maintaining his position at venture capital fund Craft, Sacks will guide policy development for both artificial intelligence and cryptocurrency sectors. This appointment has sparked discussions about potential conflicts of interest, even as supporters praise his industry expertise. The global cryptocurrency market has seen unprecedented growth, reaching a market cap of $3.77 trillion as of January 2025.
David Sacks steps into dual role as AI & Crypto Czar while keeping his VC position, raising both praise and conflict concerns.
The regulatory landscape is experiencing significant changes under this new direction. The SEC has launched a specialized crypto task force under Commissioner Hester Peirce‘s leadership, while also repealing SAB121, a controversial guidance that had troubled many in the industry. These changes aim to provide clearer rules for cryptocurrency businesses and could encourage more institutional investors to enter the market. Like traditional ETF authorized participants, market makers will play a crucial role in maintaining price stability and liquidity in the crypto markets.
Congress has formed a new bicameral committee focused on cryptocurrency legislation, with ambitious plans to pass key bills within the administration’s first 100 days. The committee’s priorities include creating a thorough stablecoin bill and establishing a federal regulatory framework. They’re also exploring the concept of a bitcoin reserve system.
The executive order significantly prohibits federal agencies from promoting central bank digital currencies (CBDCs), marking a clear stance on government involvement in digital currency. The administration is also evaluating the creation of a strategic national digital assets stockpile, suggesting a long-term commitment to cryptocurrency adoption.
These initiatives represent a coordinated effort to position the United States as a global leader in cryptocurrency innovation while maintaining consumer protection through domestic oversight. The strategy emphasizes keeping crypto development within U.S. borders, potentially reshaping how digital assets are regulated and traded in America.
