The Two Faces of Trump's Crypto Policies

Hailed as the Crypto President, Trump hasn't exactly been sunshine and rainbows for Digital Asset holders.

Crypto nerds everywhere rejoiced when Donald Trump was elected. He promised to be the "Crypto President," and foster innovation for blockchain companies right here in the United States. Early returns were good. Let's take a look at the two faces Trump has worn for the crypto world so far.

The Good Face:

Boy oh boy did Donny start hot. Within days of his election, Bitcoin soared to ATHs. All the Alts followed suit as well. Meme coins were Denise Richards in "Wild Things" hot. Without even being in office, Trump set the markets up and to the right.

Next, on the eve of the inauguration, the Official $TRUMP memecoin was launched on Solana. The price soared as people rushed to get on board with the President. Within 48 hours of launch the token was trading over $50.

As promised, on his first day of office Trump fired SEC Chief Gary Gensler, a notorious villain of cryptocurrency. Technically Gensler resigned because the handwriting was on the wall, but whatever. Gensler had waged war on the industry through overregulation, and digital asset owners everywhere rejoiced at his dismissal/resignation.

Almost immediately after, the SEC dropped lawsuits against several prominent crypto companies. Coinbase, Robinhood, Uniswap and Gemini all had their securities legal issues disappear overnight as Trump moved his new administration into place.

The President also kept another promise...a big one in fact. He signed an Executive order creating the "US Bitcoin Strategic Reserve." Once considered unthinkable, the United States of America began treating Bitcoin like digital gold. With the same pen stroke he also created the U.S. Crypto Stockpile as shitcoiners everywhere exulted.

Hard to say the guy hasn't delivered on his promises. I mean with all that news the price action has got to be through the roof right? Womp womp. Nope. Time to meet...

The Bad Face:

With crypto an unfortunate casualty, Trump has threatened, and actual imposed tariffs on some of our closest allies and trade partners. He's essentially started a trade war which has a lot of investors very worried. As the big money goes risk off in response, the volatile digital asset market predictably was the first to go. At time of writing Bitcoin is trading just under $80k, a drop of over 20% since post Election Day ATHs.

Remember that Official $TRUMP token on Solana I mentioned earlier? Yea about that...in an insanely dumb move $MELANIA was launched a day later. A day after shilling his token, he dropped his wife's token on us. It ate into the $TRUMP market cap and pretty much put a sour taste in owner's mouths. Poor form. I personally think this did more damage to the memecoin market than any dogshit rug project that people are always complaining about.

Remember the "Strategic Reserve" I mentioned above? That had a down side too. Investors expected the Reserve to be announced and had priced it in, assuming that the United States was going to start buying metric shit tons of Bitcoin. Welp, Crypto Czar David Sacks announced that the U.S. would be buying exactly zero BTC. The Reserve is to be made up of previously confiscated BTC. While the BTC true believers were partying with their soy lattes, investors were dumping the news on all of us.

In Conclusion:

Price is obviously not great, but Trump has done some really nice things early on that will pay long term dividends for digital asset holders. Geo-political issues are strangling all markets, not just crypto. I don't really see any long term negatives from a regulatory or technical aspect, so if you're long like me you should be fine. Let's just hope we see more of Trump's good side moving forward soon...or else I'll see you at the bottom.