If there is one domain that President Donald Trump has now revamped during his reign, it must be the cryptocurrency market. The market existed years ago, but was often ignored by other regimes, primarily due to the lack of understanding and cooperation that the domain desperately needed. Trump plunged like a warrior, accusing the market through his fiery, yet strategic, crypto antics, helping the market shine brightest of the rest of the domain. Trump’s agenda was primarily to strengthen the US economy, but he hopes that cryptocurrencies are a favourable and important part, but his obsession with cryptocurrencies stems from another fact explained below.
Why is Trump obsessed with the cryptocurrency market?
Donald Trump has always been a sharp and steady attitude towards the cryptocurrency domain. During the presidential election, Trump was recorded to promote cryptocurrency and Bitcoin across all major channels, making promises including how he could help America become a major crypto hub. Upon arriving at the official US president, his key decisions were erosed by cryptocurrency shades, including crypto preparations by XRP, ADA and SOL, as well as the launch of Bitcoin Reserve.
If that wasn’t the case. Trump also introduced a newly improved US SEC regimen, deploying Mark Weda as the main chair. Under Uyeda’s leadership, the US SEC has eased legal scrutiny against several crypto companies. This development allows you to operate freely throughout the space. As Paul Atkins replaced Uyeda, the SEC confirmed the new task force meeting on May 12th. Meeting agendas may include discussions relating to the procedures of major real-world assets (RWA).
🚨Just In: SEC has dropped a lineup for tokenization of roundtables on May 12th #RWA.
Panelist? BlackRock, Fidelity, Nasdaq, Franklin Templeton, Robinhood.
The big dog is in the room. 👀
(https://t.co/xmgwmhshn1) pic.twitter.com/wd2mqho5wm– Real World Asset Watchlist (@rwawatchlist_) May 5, 2025
But Trump recently shared the real reason he worships cryptocurrency. He said the cryptocurrency domain is important to him. He further shared that he didn’t want to see China harness the momentum of its code.
“Just: US President Trump said, “We want cryptography. cryptography is important because if we don’t do it, China is going.”
Just as follows: pic.twitter.com/gkqndljnyf
– watcher.guru (@watcherguru) May 4, 2025
The President’s Crypto Plan: What’s next?
Donald Trump is actively using cryptocurrency to nurture millions with new developments. The President of the United States holds two dinners. He will hold his first event on Monday, May 5th and his second event on May 22nd, 2025.
