Trump Ends Biden’s War on Bitcoin with New Executive Orders

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Coinomedia2025/02/20 08:22

By:Isolde VerneIsolde Verne

President Trump signs executive orders to conclude Biden's anti-crypto policies, declaring, "That war is over."Trump Reverses Anti-Crypto PoliciesEstablishment of Pro-Crypto Regulatory FrameworkMarket Reactions and Future Implications

President Trump reverses previous administration’s crypto policies.
Establishes a working group to develop supportive crypto regulations.
Financial markets react positively to the pro-crypto stance.

Trump Reverses Anti-Crypto Policies

In a decisive move, President Donald Trump has signed executive orders aimed at dismantling the restrictive cryptocurrency policies implemented during Joe Biden’s tenure. Addressing a gathering, Trump stated, “We ended that war totally, that war is over,” referring to what he described as Biden’s “war on Bitcoin and crypto Establishment of Pro-Crypto Regulatory Framework

Establishment of Pro-Crypto Regulatory Framework

One of the key directives includes the formation of the President’s Working Group on Digital Asset Markets. This group, comprising top administration officials and financial regulators, is tasked with recommending a federal framework for digital asset trading and exploring the creation of a national digital asset stockpile.

JUST IN: 🇺🇸 President Trump said he signed executive orders "to end Joe Biden's war on Bitcoin and crypto."

"We ended that war totally, that war is over." pic.twitter.com/mUs2uwTxqC
— Bitcoin Magazine (@BitcoinMagazine) February 20, 2025

Market Reactions and Future Implications

The cryptocurrency community has welcomed these developments, viewing them as a significant shift towards legitimizing the industry. The executive orders are expected to foster innovation and attract crypto startups back to the United States, reversing the exodus experienced under the previous administration.

Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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