President Trump Says Administration Saved Crypto Industry

President Trump posted on Truth Social on Wednesday that his administration had saved the American crypto industry from what he called Gary Gensler's "Anti-Crypto Army" and declared the United States the "Crypto Capital of the World." The statement followed several policy steps taken since he took office in January 2025.

Trump signed the GENIUS Act in July 2025, establishing the first federal framework for stablecoins that requires full dollar backing and annual audits. The Senate passed the measure 68-30 after Trump contacted holdout senators. Earlier in 2025, he issued an executive order creating a Strategic Bitcoin Reserve that holds roughly 200,000 Bitcoin seized by the government, valued at about $17 billion at the time.

The administration has also appointed officials at the SEC and CFTC described as supportive of the industry and is advancing the CLARITY Act in Congress ahead of the August recess.

2025 announcement of the Strategic Bitcoin Reserve coincided with Bitcoin trading above prior levels, according to market data cited in the report.