As promised, Trump did gut most crypto regulations. He also signed the Guiding and Establishing National Innovation for US Stable Coins (Genius) Act; pushed for the Digital Asset Market Clarity (Clarity) Act; profited personally from shady domestic and foreign crypto deals; promoted his own useless meme coin; pardoned crypto crooks who had allegedly aided terrorist organisations; and hosted private dinners for crypto insiders at the White House.
A year ago, the most pro-crypto president in US history had just returned to power after pandering to clueless retail crypto investors and receiving massive financial backing from semi-corrupt crypto insiders.
Donald Trump’s second coming was supposed to be a new dawn for crypto, leading various self-dealing evangelists to predict that Bitcoin would become “digital gold,” reaching at least US$200,000 ($254,151) by the end of 2025.
