Trump Declares Crypto as U.S. Financial Revolution

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The United States has taken a decisive step toward reshaping its financial future, with President Donald Trump declaring cryptocurrency “the greatest financial revolution since the internet.” The announcement signals a substantial policy shift from the White House, aiming to strengthen U.S. leadership in the global digital finance arena.

The declaration came alongside the release of a national strategy from the President’s Working Group on Digital Asset Markets, issued on July 30, 2025. This report was developed following the executive order Strengthening American Leadership in Digital Financial Technology, calling for updated regulations to support innovation while addressing risks in banking, taxation, anti-money laundering (AML), and market structure.

Key federal agencies, including the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), are backing the strategy. The approach represents a departure from earlier, more cautious stances toward cryptocurrency under previous administrations.

At a recent rally in Texas, President Trump reaffirmed his support for digital assets, saying, “cryptocurrency represents the greatest financial revolution since the internet.” SEC Chair Paul Atkins echoed the sentiment, calling the policy “a blueprint to make America first in blockchain and crypto technology.”

The strategy rejects the creation of a central bank digital currency (CBDC) but strongly supports the development and use of U.S. dollar-pegged stablecoins. It also emphasizes safe harbors for digital asset companies, self-custody rights for individuals, and collaboration with industry stakeholders to drive innovation while managing potential risks.

A major development in this policy shift came on August 6, 2025, when President Trump signed the GENIUS Act into law. The legislation is designed to create a stable and predictable regulatory environment for the cryptocurrency industry. By clarifying rules and offering innovation exemptions, the law aims to encourage institutional investment and broader adoption of digital assets in the U.S. financial system.

The GENIUS Act focuses on reducing regulatory uncertainty, enhancing consumer choice, and promoting capital formation in the digital asset sector. Analysts suggest the policy could significantly boost U.S. competitiveness in blockchain and cryptocurrency technologies, potentially attracting both domestic and international companies.

The White House report also underscores the importance of regulatory sandboxes — controlled environments where companies can test new financial products under regulatory oversight. Such measures are intended to foster innovation while ensuring compliance with AML, tax, and security requirements.

By rejecting a CBDC, strengthening stablecoin adoption, and granting greater freedoms to the private sector, the administration is signaling its intent to maintain the U.S. dollar’s influence in global markets. Supporters say these steps position the country as a leader in the next phase of financial innovation.

This policy shift marks one of the most significant federal moves toward integrating cryptocurrency into the U.S. economy, aligning regulatory clarity with the nation’s strategic economic goals.