The Trump administration is advancing policies to integrate cryptocurrency more fully into the U.S. financial system. David Sacks, President Trump's Crypto Czar, has highlighted Federal Reserve rule changes that will open banking services to cryptocurrencies, which he believes will drive mainstream adoption. This shift marks a reversal of Biden-era regulations associated with Operation Chokepoint 2.0. Meanwhile, institutional investors are increasing their cryptocurrency holdings: Fidelity has purchased 1,135 Bitcoin, bringing its total to 200,000 BTC, and acquired $35.9 million in Ethereum. Additionally, Bitwise reports that sovereign wealth funds are investing $10 billion in Bitcoin, signaling growing global interest. The Trump administration's embrace of digital currencies has triggered a surge of crypto deals as companies seek to capitalize on lighter regulation and anticipated mainstream growth.
Trump 2.0 Era Brings Flurry of Crypto Deals https://t.co/1XmUxu5Bkw
President Trump’s embrace of crypto has set off a flurry of deals involving digital-asset companies, as they seek to take advantage of lighter regulation and what they hope will be growing mainstream interest. With @vlajournaliste https://t.co/hyXdRQTgjG
President Trump’s embrace of digital currencies has unleashed a flurry of crypto deals https://t.co/DvxHzQPb8U