03 August 2025
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Cryptocurrencies are becoming a pillar of the new American economic vision under Donald Trump’s leadership. As reported by CoinDesk, the administration plans to enable digital asset trading at the federal level through legislation such as the Genius Act for stablecoins and the Clarity Act for the broader crypto market.
Cryptocurrencies as the foundation of Trump’s “golden age” strategy
The Presidential Working Group on Digital Assets is calling on regulatory agencies such as the SEC and CFTC to remove obstacles and provide clear rules for registration, custody, and management of cryptocurrencies. The goal is to ensure that crypto trading is not only legal but also efficient and transparent.
A key part of the strategy also includes the adoption of DeFi technology into mainstream financial structures. This means opening the market to automated lending and investment platforms that can operate without unnecessary bureaucracy.
- Tax system overhaul: The working group aims to reconsider existing tax rules related to mining, staking, and everyday crypto payments. Proposals include exempting small transactions, which would significantly simplify the use of cryptocurrencies for daily purchases.
Stablecoins expected to strengthen the U.S. dollar
Another important pillar of the new strategy is stablecoins pegged to the dollar, which according to the White House are tools to strengthen the global position of the U.S. currency, as noted by the University of Oxford. The GENIUS Act, signed by President Trump, introduces a federal framework for stablecoins, with the working group urging agencies to implement it swiftly.
Interestingly, while stablecoins are supported, central bank digital currencies (CBDCs) are being criticized. The administration is therefore proposing the Anti-CBDC Surveillance State Act, aimed at completely banning the use of CBDCs in the U.S.
Paradoxical impact of stablecoins
Stablecoins are created by private companies and can potentially bypass U.S. regulatory rules and monetary policy. Although they are often backed by dollar reserves, their growth and usage may paradoxically have a destabilizing effect on the economy.
Trump’s strategy is thus creating an environment where the United States could gain a leading position in the blockchain world without losing its monetary sovereignty. The president’s vision is not only technological but also geopolitical, with the goal of keeping the dollar dominant and cryptocurrencies are to be the tool to achieve it.
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