Trump’s Re-election and Crypto Lobbying Year
WASHINGTON, D.C. — One year has passed since Donald Trump’s re-election as president, and while some crypto lobbyists feel they’ve aged significantly in this turbulent year, the sector has experienced both impressive successes and notable challenges in its quest for favorable U.S. policies.
Upon returning to the White House, Trump received considerable backing from crypto supporters and an air of optimism from prominent industry leaders as they anticipated his commitment to integrating crypto into the U.S. financial system. To a large extent, their hopes have started to materialize.
Trump swiftly issued executive orders pushing for advancements in supportive crypto policies and the creation of a bitcoin reserve to store government assets as a strategic investment. “He has prompted agencies to focus on digital assets and blockchain’s potential for enhancing government transparency since his first day,” remarked Cody Carbone, CEO of the Digital Chamber, in a statement to CoinDesk.
In Congress, the perception of the crypto industry has shifted dramatically from being pariahs in 2022—amidst firm collapses and fraud investigations—to a priority in 2025, fueled by a president who consistently engages lawmakers. A significant milestone was achieved with the passage of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS) Act, marking the first substantial crypto legislation in the U.S.
The Treasury Department and banking agencies are already embarking on the lengthy process of implementing this legislation, which involves public-comment periods and multiple rule proposals. The GENIUS Act aims to pave the way for more comprehensive rules governing U.S. crypto markets, although legislative progress has stalled in the Senate.
While Trump has made strategic appointments to financial regulatory bodies that align with crypto interests—most notably Paul Atkins to the SEC—his erratic leadership style has posed challenges to other legislative efforts. The ongoing federal government shutdown, the longest in history, has hindered essential legislative work, including crypto policy commitments.
Despite accumulating allies among Democrats, Trump faces criticism for his personal investments in crypto businesses, further complicating bipartisan cooperation. Nevertheless, industry leaders are cautiously optimistic, noting that Trump’s administration has fostered unprecedented policy developments, leading to growth in digital asset companies. “Thanks to Trump’s pro-crypto stance, we’ve seen companies boost operations and staffing,” stated Summer Mersinger, CEO of the Blockchain Association.
