Trump’s First 100 Days: Big Moves, Big Problems for Crypto

Former White House communications director Anthony Scaramucci called Trump’s first 100 days in office “the worst in modern history.” Despite several crypto-friendly actions, Trump’s early presidency has stirred up major controversy and uncertainty in both politics and the crypto world.

From launching his own memecoin to starting trade wars, Trump’s decisions have shaken up markets. Some steps seemed helpful to crypto, while others caused new problems.

Let’s break down what’s happened so far.

A Timeline of Key Events

Mixed Signals for Crypto

Trump’s early actions created both hope and concern. On one hand, he welcomed crypto leaders and opposed the digital dollar. On the other hand, his policies created instability.

Positive Moves:

• Appointed pro-crypto officials: Paul Atkins to the SEC, Brian Quintenz to the CFTC.
• Launched a crypto working group: Aimed to make the US a global crypto hub.
• Created a Bitcoin reserve: Collected seized Bitcoin and hinted at further crypto investments.
• Hosted a White House summit: Brought attention to the crypto industry’s needs.

Negative Developments:

• WLFI token launch and dinner: Seen as a conflict of interest.
• Trade wars: Raised import costs for mining equipment and shook investor confidence.
• Pardon politics: Moves like Ulbricht’s release and SBF’s hints raised ethical concerns.

Ethics and Legal Challenges

WLFI, the memecoin tied to Trump’s family firm, remains under scrutiny. Its stablecoin launch, USD1, added pressure. Lawmakers fear Trump could shape crypto rules to benefit his own assets.

The dinner offer to top WLFI holders raised red flags. Although the administration rejected the $300,000 access request, a senator already called for impeachment.

Will Regulation Move Forward?

Despite the turmoil, crypto regulations are slowly moving in Congress:

• The STABLE Act passed committee in the House on April 3. It aims to regulate stablecoins.
• The GENIUS Act passed a Senate committee. It focuses on innovation and crypto guardrails.

What Comes Next?

Trump’s first 100 days brought huge shifts. Crypto is now a political issue as much as a financial one. Laws are being written, but public trust is shaky.

If Trump keeps mixing politics with personal crypto ventures, progress could stall. The next few months will show if real reform is possible – or if controversy will dominate once again.