President Donald Trump has initiated a series of actions to bolster the cryptocurrency industry in the United States, signaling a shift towards a more supportive regulatory environment. Trump's administration has issued an executive order aimed at strengthening American leadership in digital financial technology, which includes the creation of a crypto working group to shape policy. This move is seen as a significant shift in U.S. crypto policy, prioritizing financial innovation over regulation and explicitly rejecting central bank digital currencies (CBDCs) while protecting blockchain developers. In response to these developments, major Wall Street banks such as $1 trillion Morgan Stanley, Bank of America, and Royal Bank of Canada are actively seeking to expand their involvement in the crypto sector, anticipating a wave of IPOs, stock sales, and convertible bonds that could create new profit opportunities. Additionally, crypto leaders have urged Congress to establish clear regulations to maintain U.S. competitiveness in the global crypto market, as other countries advance with crypto-friendly policies. The FDIC, led by Acting Chairman Travis Hill, has announced plans to reassess its supervisory approach to cryptoasset activities, aiming to provide a clearer pathway for banks while ensuring safety and soundness, following the release of 175 documents concerning its supervision of banks involved in cryptoasset-related activities.