Key insights into eight pivotal Bitcoin policy developments during the new administration's first 30 days in office.
On January 20, 2025, President Donald J. Trump was inaugurated, ushering in a new administration that appears to be decidedly pro-Bitcoin. After four years of the Biden administration—marked by persistent threats to the industry, including Operation Chokepoint 2.0, the Energy Information Administration’s emergency survey, and various White House reports attempting to frame Bitcoin as an environmental hazard or a tool for criminals—the Bitcoin industry now finds itself on strong footing in Washington, D.C.
President Trump campaigned on several promises to the community, emphasizing Bitcoin’s potential both as a powerful voting bloc and as a strategic asset for the United States. While Bitcoin is a globally accessible technology, much of the innovation surrounding it originates in the U.S., a fact the Trump campaign appeared to recognize. For an administration that champions American ingenuity, embracing Bitcoin was a logical step.
However, despite the administration’s positive stance toward Bitcoin, it has also shown interest in other digital assets that lack Bitcoin’s defining attributes. Just days before the inauguration, the Trump team launched the $TRUMP meme token, which quickly surpassed a market capitalization of $14.5 billion, generating over $100 million in trading fees.[1] Additionally, in the first week of the new presidency, Ripple Labs apparently expanded its presence in Washington, DC. Reports indicate that while President Trump considered creating a strategic national Bitcoin stockpile, Ripple is lobbying for a different approach, advocating for a basket of digital assets that would include its token, XRP.[2] It is our assessment that very few industry stakeholders support holding centrally issued tokens in a national stockpile and we firmly believe that Bitcoin alone fits the criteria to be included in such a reserve.
Given these developments, educating lawmakers and regulators on Bitcoin’s unique strategic value remains a critical near term objective for BPI. In that spirit, we have compiled a table summarizing the most important Bitcoin-related policy updates during the first 30 days of the Trump administration. Bitcoin enthusiasts often distinguish between signal and noise—the list below aims to cut through the noise and highlight the essential updates that Bitcoin users and companies in the U.S. need to know.
Developments addressed in the report:
