President Donald Trump has announced he will end what he calls the previous administration’s “war on Bitcoin and crypto”. During the FII Priority Summit in Miami, he declared his intention to make the United States the world leader in digital currency, with deregulation and stimulating policies as spearheads.

Trump is betting on crypto-dominance

During his keynote speech at the Saudi-backed summit, Trump emphasized that he wants to position the US as the undisputed frontrunner in the crypto sector. He pointed to the recent record highs of Bitcoin as proof of confidence in his economic policy and praised Miami as a global center for crypto innovation. Trump hinted at future relaxation of regulations to attract investment in blockchain technology and named crypto as one of the spearheads of his new economic course.

A notable element of his policy is the establishment of the Department of Government Efficiency (DOGE), an initiative led by Elon Musk to reduce government spending and create a more favorable climate for crypto development. According to Trump, this department saves billions of dollars every day, although he remained vague about the exact methods and impact.

🚨JUST IN: President Trump (@POTUS) says he ended Biden’s war against crypto. He also said his administration is “committed to making America the crypto capital.” pic.twitter.com/R9J73m6zCi

— Bitcoin.com News (@BTCTN) February 20, 2025

Market impact and future prospects

Trump’s pro-crypto statements were positively received by market leaders and investors. His criticism of previous policy, which he believes stifled crypto innovation, was supported by his plans to relax regulations and bring regulators such as the SEC under more direct control of the White House. This could lead to drastic changes in the way the American government approaches the crypto market.

Experts point out that deregulating the crypto sector offers opportunities for companies and investors, but may also entail risks, such as a lack of consumer protection and increased market volatility. Nevertheless, the sector seems enthusiastic about a more open and supportive government policy, which may translate into further growth of the US crypto market.

A new era for crypto in the US?

With his clear pro-crypto stance and plans for deregulation, Trump is setting the tone for a possible new era in the US crypto world. Although his plans have yet to be fleshed out, the promise of a crypto-friendly government remains a catalyst for growth and innovation in the sector.