Donald Trump’s administration could significantly reshape the U.S. cryptocurrency landscape, with one standout proposal being the adoption of the Bitcoin Act.
CoinShares, a digital asset manager, highlighted in a research blog that the act would establish bitcoin as a strategic reserve asset. If enacted, the U.S. government could acquire up to 5% of bitcoin’s total supply, echoing gold’s role in national reserves and enhancing bitcoin’s legitimacy and potential value.
Sen. Cynthia Lummis introduced the BITCOIN Act earlier this year, aimed at reducing national debt through bitcoin purchases. Trump’s campaign had already signaled an interest in forming such a reserve, a plan Lummis reiterated after his election victory. The proposal could attract institutional and government-level interest, driving adoption and boosting bitcoin’s market valuation.
Beyond legislative measures, Trump’s stance on the Securities and Exchange Commission (SEC) could shift the regulatory environment for crypto. He has criticized current SEC chair Gary Gensler’s strict approach, and a new administration could lead to the appointment of crypto-friendly figures like Hester Peirce. Such changes may promote clearer, more supportive regulations, which brokers like Canaccord believe would benefit the broader digital asset industry, including firms like Coinbase and Galaxy Digital.
If these changes are realized, they could create a more open regulatory climate and accelerate mainstream financial adoption of cryptocurrencies, paving the way for expanded growth across the sector.