{"id":14153,"date":"2025-02-20T16:01:48","date_gmt":"2025-02-20T16:01:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14153"},"modified":"2025-02-20T16:01:48","modified_gmt":"2025-02-20T16:01:48","slug":"crypto-for-advisors-trump-whats-changed-for-crypto","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14153","title":{"rendered":"Crypto for Advisors: Trump: What\u2019s Changed for Crypto?"},"content":{"rendered":"<div>\n<p>As the Trump administration appears to fully embrace digital assets in the U.S., there are plenty of reasons to be optimistic about crypto\u2019s future, but also many areas of uncertainty.<\/p>\n<p>In today\u2019s issue, <a href=\"https:\/\/www.linkedin.com\/in\/bethhaddock\/\" target=\"_blank\">Beth Haddock<\/a> from Warburton Advisers takes us through the first 30 days of Trump\u2019s term and analyzes the far-reaching impact his administration could have on the crypto industry.<\/p>\n<p>Then, <a href=\"https:\/\/www.linkedin.com\/in\/djwindle\/\" target=\"_blank\">DJ Windle<\/a> from Windle Wealth answers questions you may have from the article in Ask and Expert.<\/p>\n<p>\u2013 <a href=\"https:\/\/www.coindesk.com\/author\/sarah-morton\" target=\"_blank\">Sarah Morton<\/a><\/p>\n<h3>30 Days of Trump: What\u2019s Changed for Crypto?<\/h3>\n<p>A year ago, <a href=\"https:\/\/www.nasdaq.com\/articles\/crypto-had-reputational-issues-this-year.-2024-will-change-that\" target=\"_blank\">skepticism <\/a>and stalled policy progress stunted crypto\u2019s growth. Trump\u2019s election win has shifted the <a href=\"https:\/\/conceptually.org\/concepts\/overton-window\" target=\"_blank\">Overton window <\/a>(referring to the change in political policies that people are willing to accept) on crypto\u2019s acceptance, but will that lead to sustainable growth and regulatory clarity?<\/p>\n<p>His January 23 <a href=\"https:\/\/www.whitehouse.gov\/presidential-actions\/2025\/01\/strengthening-american-leadership-in-digital-financial-technology\/\" target=\"_blank\">Executive Order<\/a> (EO) addressing crypto prioritizes &#8220;responsible growth,&#8221; a shift from President Biden\u2019s 2022 EO focused on &#8220;responsible development.&#8221; Early actions \u2014 <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/01\/23\/sec-withdraws-controversial-crypto-tax-accounting-bulletin\" target=\"_blank\">rescinding SAB 121<\/a>, ending Operation <a href=\"https:\/\/www.banking.senate.gov\/hearings\/investigating-the-real-impacts-of-debanking-in-america?utm_source=substack&amp;utm_medium=email\" target=\"_blank\">Chokepoint 2.0<\/a>, pardoning <a href=\"https:\/\/x.com\/free_ross\/status\/1881851923005165704?s=46&amp;t=tU1JSCfACki0kPZCVTduqg\" target=\"_blank\">Ross Ulbricht<\/a> and <a href=\"https:\/\/www.coindesk.com\/tech\/2024\/12\/23\/the-protocol-trump-makes-more-pro-crypto-appointments\" target=\"_blank\">appointing new leaders<\/a> \u2014 signal change.<\/p>\n<p>One month in, progress is clear, but obstacles remain. A divided Congress, slow legislation and market speculation \u2014 seen in memecoins like $TRUMP and $MELANIA \u2014 complicate the path forward. The key question: Are we just moving past FTX, or will crypto be recognized as critical to Web3 innovation?<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/468321bfd26f8a95da6a2f9be8bf2d5da7473938-1600x900.jpg?auto=format\" alt=\"\"><\/p>\n<h4>Three Key Trends to Watch<\/h4>\n<p>1. Acceleration of Product Innovation<\/p>\n<p>The chart above clearly illustrates the Trump administration\u2019s early focus on leadership changes and rollbacks of enforcement-driven policies. With regulatory enforcement easing, U.S. crypto development no longer needs to wait \u2014 or move offshore.<\/p>\n<p>The SEC\u2019s <a href=\"https:\/\/www.sec.gov\/newsroom\/press-releases\/2025-30\" target=\"_blank\">Crypto 2.0<\/a> initiative, led by Commissioner Peirce, shifts from enforcement-first policies to a new Crypto Taskforce. Meanwhile, the <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/01\/30\/polymarket-bettors-still-skeptical-of-u-s-bitcoin-reserve-despite-david-sacks-assurance\" target=\"_blank\">President\u2019s Working Group<\/a> on Digital Asset Markets, chaired by crypto advocate David Sacks, signals a more supportive stance. These shifts create space for innovation, allowing blockchain to prove its value before regulations catch up.<\/p>\n<p>Key areas for progress include <a href=\"https:\/\/digitalchamber.org\/capitol-hill-press-conference-on-crypto-regulation\/\" target=\"_blank\">stablecoin regulation,<\/a> clearer <a href=\"https:\/\/www.institutionalinvestor.com\/article\/2e4pxvgcyt99tn7nmk074\/corner-office\/investors-eye-potential-solutions-to-crypto-custody-quandaries\" target=\"_blank\">digital asset custody<\/a> requirements, hybrid TradFi-crypto products (such as expected Solana and ETH ETFs) and global payments advancements through partnerships like those with <a href=\"https:\/\/fortune.com\/2025\/01\/31\/visa-is-partnering-with-x-to-launch-x-money-elon-musks-rival-to-venmo\/\" target=\"_blank\">X Money<\/a> and Visa. Resolving complex policy priorities will take time, as reflected in <a href=\"https:\/\/a16zcrypto.com\/posts\/article\/us-crypto-capital-policy\/\" target=\"_blank\">a16z\u2019s 11 priorities <\/a>and the Crypto Bar<a href=\"https:\/\/www.coindesk.com\/opinion\/2025\/01\/16\/how-to-make-the-united-states-the-crypto-capital-of-the-world\" target=\"_blank\">\u2019s open letter<\/a>, highlighting the breadth of influential voices.<\/p>\n<p>As adoption grows, the network effect of successful crypto products will push for consensus-driven regulation. But without meaningful legislative action, the industry risks a return to uncertainty when Washington\u2019s leadership inevitably shifts again.<\/p>\n<p>2. Speculation vs. Sustainable Growth<\/p>\n<p>Amid all this optimism, crypto still struggles to establish credibility and prove itself as a force for responsible innovation. The opportunity to revolutionize finance is here \u2014 but is market speculation part of the growth or is it hindering sustainable growth?<\/p>\n<p>Memecoins like $TRUMP and $MELANIA surged just before the inauguration, reflecting demand for high-risk, culturally driven assets, while also raising <a href=\"https:\/\/www.dfs.ny.gov\/industry-guidance\/industry-letters\/il20250114-rapidly-prolif-sentiment-based-vc\" target=\"_blank\">regulatory concerns<\/a> about volatility and integrity. The <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/01\/30\/pump-fun-hit-with-proposed-class-action-lawsuit-alleging-securities-violations\" target=\"_blank\">class action lawsuit against pump.fun<\/a> underscores skepticism of growth untethered to sustainable utility.<\/p>\n<p>To maintain credibility, crypto must distinguish real-world and potential wealth creation applications from speculative assets. Fraud and misrepresentation remain illegal, whether in memecoins, penny stocks or collectibles. As the market evolves, businesses and investors must prioritize due diligence to separate hype from lasting potential.<\/p>\n<p>3. The Urgent Need for Regulatory Clarity<\/p>\n<p>Despite leadership changes, there remains an urgent need for clear, enforceable crypto regulation. Key unresolved issues include:<\/p>\n<p>Addressing fraud and consumer protections without stifling innovation and decentralized finance<\/p>\n<p>Defining digital asset regulatory authority among agencies<\/p>\n<p>Establishing fit-for-purpose AML frameworks for stablecoins and other innovations<\/p>\n<p>With crypto-friendly leaders now at the <a href=\"https:\/\/www.sec.gov\/newsroom\/press-releases\/2025-29\" target=\"_blank\">SEC <\/a>and <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/02\/11\/trump-taps-former-cftc-commissioner-a16z-policy-head-brian-quintenz-for-cftc-head\" target=\"_blank\">CFTC<\/a>, regulatory progress is likely, but legislative action will take time. While Congress is considering proposals like the <a href=\"https:\/\/www.hagerty.senate.gov\/wp-content\/uploads\/2025\/02\/GENIUS-Act.pdf\" target=\"_blank\">GENIUS Act,<\/a> the STABLE Act, and new rules for market structure, pragmatic change isn\u2019t guaranteed this year.<\/p>\n<p>For now, the industry must keep shifting the Overton window toward recognizing crypto\u2019s role in U.S. tech leadership, public policy and economic security. Until comprehensive laws emerge, regulatory leadership \u2014 seen with the <a href=\"https:\/\/www.cftc.gov\/PressRoom\/PressReleases\/9049-25?utm_source=govdelivery\" target=\"_blank\">CFTC pilot program<\/a> and recent Federal Reserve <a href=\"https:\/\/www.federalreserve.gov\/newsevents\/speech\/waller20250212a.htm\" target=\"_blank\">speech<\/a> \u2014 must guide a stable path for growth.<\/p>\n<h4>The Path Forward<\/h4>\n<p>This year is pivotal \u2014 not just because toxic policies are fading and leadership has shifted, but because momentum is driving Web3 and blockchain forward.<\/p>\n<p>The goal isn\u2019t just &#8220;responsible growth&#8221; but sustainable growth anchored in regulatory clarity. If the industry balances innovation with strong protections against fraud and theft, crypto\u2019s resilience and credibility will be strengthened. With tech-neutral regulations, the U.S. won\u2019t just lead in crypto and AI policy \u2014 we\u2019ll also be ready for whatever else is next, from quantum computing to future breakthroughs. Sustainable innovation matters because technological progress is inevitable.<\/p>\n<p>&#8211;<a href=\"https:\/\/www.coindesk.com\/author\/beth-haddock\" target=\"_blank\">Beth Haddock, managing partner and founder, Warburton Advisers<\/a><\/p>\n<h3>Ask an Expert <\/h3>\n<p>Q: Who is Ross Ulbricht?<\/p>\n<p>A: Ross Ulbricht created Silk Road, an early bitcoin-powered marketplace that demonstrated crypto\u2019s potential for decentralized commerce \u2014 both legally and illegally. His life sentence became a rallying cry in the crypto community, with many arguing it was excessive and highlighting broader debates on financial privacy and government control. His recent pardon has reignited discussions on justice reform and crypto\u2019s role in the future of digital trade.<\/p>\n<p>Q: What are the risks of memecoins?<\/p>\n<p>A: Memecoins like $TRUMP and $MELANIA are highly speculative, with prices driven more by social media hype than real utility. While they can generate quick profits, they also carry extreme volatility and risks of manipulation. Many lack long-term viability, so investors should approach them with caution and avoid putting more in them than they can afford to lose.<\/p>\n<p>Q: How could state bitcoin investments impact adoption?<\/p>\n<p>A: If states allocate reserves to bitcoin, it could legitimize crypto as a store of value, encouraging institutional investors and policymakers to take it more seriously. This could accelerate regulatory clarity, enhance calls for clearer tax guidelines and integrate bitcoin into broader financial infrastructure, helping solidify its role in the economy.<\/p>\n<p>&#8211;<a href=\"https:\/\/www.linkedin.com\/in\/djwindle\/\" target=\"_blank\">DJ Windle, founder and portfolio manager, Windle Wealth<\/a><\/p>\n<h3>Keep Reading<\/h3>\n<p>Abu Dhabi&#8217;s sovereign wealth fund, Mubadala, has invested approximately <a href=\"https:\/\/thedefiant.io\/news\/markets\/abu-dhabi-s-mubadala-invests-437-million-blackrock-s-bitcoin-etf-joining-goldman-5e9cb75f\" target=\"_blank\">$437 million<\/a> into BlackRock&#8217;s bitcoin ETF.<\/p>\n<p>Google looks to <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/google-stock-advances-on-bitcoin-wallet-integration-plans-93CH-3875364\" target=\"_blank\">simplify bitcoin adoption<\/a> with wallet integration alongside existing authentication protocols.<\/p>\n<p>FTX\u2019s initial $1.2 billion <a href=\"https:\/\/www.coindesk.com\/business\/2025\/02\/18\/ftx-s-initial-usd1-2b-payout-process-to-creditors-is-underway\" target=\"_blank\">payout is underway<\/a>, with creditors with claims of less than $50,000 starting to receive payouts.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As the Trump administration appears to fully embrace digital assets in the U.S., there are plenty of reasons to be optimistic about crypto\u2019s future, but also many areas of uncertainty. In today\u2019s issue, Beth Haddock from Warburton Advisers takes us through the first 30 days of Trump\u2019s term and analyzes the far-reaching impact his administration [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14153","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14153"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14153\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}