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Former President Donald Trump has dramatically shifted his stance on Bitcoin, endorsing it as revolutionary after signing key crypto legislation. His recent praise for a 2018 Senate testimony highlights Bitcoin’s potential as a decentralized financial system. This pivot has already influenced regulatory changes and market growth.
- Trump’s endorsement of a 2018 Senate testimony by Coin Center’s Peter Van Valkenburgh reignited debate on Bitcoin’s role as decentralized, public money.
- Key policy moves under Trump include the GENIUS Act (enabling stablecoin issuance by banks) and disbanding the DOJ’s crypto enforcement team.
- Bitcoin’s price surged to $119,513 amid Trump’s regulatory shifts, with daily trading volume up 41.45% and market cap hitting $2.37 trillion.
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