CryptoPresident

Bitcoin whale BlackRock set to clash with ‘crypto president’ Trump after inauguration
BlackRock, the biggest asset manager on the planet with $11.5 trillion under its belt, is about to lock horns with Donald Trump, who is about to step back into office with a crypto agenda.
Trump’s administration is promising to turn it into a cornerstone of US economic strategy.
Meanwhile, BlackRock, the same company holding over half a million Bitcoins valued at $52.81 billion through its iShares Bitcoin Trust (IBIT), has its own battles to fight — with regulators breathing down its neck.
The Federal Deposit Insurance Corporation (FDIC) isn’t cutting BlackRock any slack. And Trump’s big Bitcoin plans? Let’s just say they don’t make things any easier for Mr. Larry Fink. But hey, at least BlackRock’s a Bitcoin whale now.
BlackRock vs. FDIC
Here’s what is going down with the FDIC. BlackRock was supposed to meet a January 10 deadline to address concerns about its influence on US banks.
However, It didn’t. Instead, it asked for more time—until March 31—to review a proposed agreement, claiming it needed at least two more months.
The FDIC wasn’t buying it. The agency not only rejected the extension but also added more demands. They want more transparency about how BlackRock makes decisions and details about its bank-related holdings.
If BlackRock doesn’t act fast, things could get worse, and fast too. Sources familiar with the matter say the FDIC might issue subpoenas or take other mandatory actions to force the firm’s compliance.
This isn’t a minor dispute. BlackRock’s sheer size, combined with its massive stakes in banks, has some regulators worried it could have too much control over the financial system.
Jonathan McKernan, a Republican FDIC board member, and Rohit Chopra, the Democratic head of the Consumer Financial Protection Bureau, have both called for tighter oversight of big asset managers.
Their main argument is that BlackRock could sway how banks operate, making them less independent.
BlackRock’s defense has so far been calling the FDIC’s demands disruptive, arguing that new rules could wreck index funds—one of its flagship offerings—and make it harder for banks to raise cash.
The company also says the FDIC needs to coordinate its efforts with the Federal Reserve, which already oversees its operations through a passivity agreement.
Trump’s Bitcoin play
Trump, along with Bitcoin-friendly figures like Senator Cynthia Lummis, is pushing for a US Strategic Bitcoin Reserve. Here’s the plan: Senator Lummis has introduced a bill proposing the US Treasury and Federal Reserve acquire 1 million Bitcoins over five years.
That’s 200,000 Bitcoins a year, adding up to about 5% of the total global supply. The goal? To reduce America’s reliance on traditional financial systems and keep up with rivals like China and Russia.
Dennis Porter, the co-founder of the Satoshi Act Fund, spilled the details. The reserve would partly come from Bitcoins seized in criminal investigations, giving the government a head start.
Trump’s team believes this reserve could help stabilize the dollar while tackling the US’s enormous $36 trillion national debt.
BlackRock, despite its massive Bitcoin holdings, isn’t on the same page. The firm has been making headlines for other reasons, like its withdrawal from the Net Zero Asset Managers Initiative (NZAMI).
BlackRock pulled out of NZAMI on January 11, under pressure from Republican-led states that weren’t happy with its climate-focused investments.
The company insists it will continue to consider climate risks in its investment strategies, but the decision shows how political tensions are forcing it to adapt.
#BlackRock #CryptoPresident #Trump #cryptomarket #Cryptonews

Former United States President Donald Trump is ramping up his advocacy for cryptocurrency as a key component of his 2024 presidential campaign. During a fundraising event in San Francisco, hosted by Craft Ventures’ general partner David Sacks and tech billionaire Chamath Palihapitiya, Trump made a bold declaration that he aims to be the “crypto president.”
A Commitment to Cryptocurrency
At the event, Trump reiterated his support for the cryptocurrency industry and outlined his plans to advance the sector. He emphasized the contrasting approach of the Democratic Party, which he claims intends to impose stringent regulations on the industry. Trump’s advocacy signals his intention to foster a more favorable environment for cryptocurrency innovation and growth.
Shifts in Washington
Despite Trump's criticisms, some industry experts believe that a positive shift toward cryptocurrency is already occurring in Washington. Matt Hougan, Chief Investment Officer at Bitwise, expressed optimism about the U.S. moving towards regulatory clarity. Hougan suggests that clearer regulations could integrate the cryptocurrency market into the country’s $20 trillion financial advisory industry, potentially driving significant growth and adoption.
Industry Lobbying Efforts
While political promises play out, the cryptocurrency industry is actively lobbying for favorable regulatory changes. Crypto exchange Coinbase has recently donated $25 million to the crypto-focused super political action committee (PAC) Fairshake. This contribution is part of a broader effort to influence policy ahead of the November U.S. elections.
The latest donation brings the total amount raised by Fairshake and its affiliates to $160 million for this election cycle. This substantial fundraising effort aligns with similar contributions from notable industry players such as Ripple and venture capital firm Andreessen Horowitz.
Conclusion
As the 2024 presidential campaign unfolds, Donald Trump’s commitment to becoming the “crypto president” highlights the growing importance of cryptocurrency in political discourse. With ongoing lobbying efforts and potential regulatory shifts, the future of cryptocurrency in the United States remains a critical and closely watched issue.
#crypto #Trump #cryptopresident

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Donald Trump is back in the White House, and his first 30 days in office have brought a series of dramatic changes that are reshaping the crypto industry. From regulatory shake-ups and massive investments to unexpected alliances, the cryptocurrency sector is experiencing one of the most significant transformations in its history.
Day 1: Trump’s Firm Invests Millions in Crypto
On January 20, his inauguration day, Trump not only signed 42 executive orders, but his company, World Liberty Financial (WLFI), also purchased nearly $47 million in cryptocurrencies, raising its total holdings to $326 million.

Additionally, Trump shocked the market by launching his own memecoin, TRUMP, on the Solana blockchain, which reached a $15 billion market cap before dropping 40%. A few days later, his wife, Melania Trump, joined the crypto hype by launching her own token, MELANIA.
DOGE and Elon Musk Hit With Lawsuits
On the same day, the Trump administration announced the creation of the Department of Government Efficiency (DOGE), led by Elon Musk. Its mission: to eliminate bureaucracy and restructure federal agencies.
However, the initiative immediately faced lawsuits—organizations such as Public Citizen and the Center for Biological Diversity claimed that DOGE was formed in violation of the Federal Advisory Committee Act (FACA), which requires public transparency in government operations.

Trump Reshapes the SEC: End of Anti-Crypto Regulation?
January 21 marked one of the most significant regulatory changes—Trump removed SEC Chairman Gary Gensler, known for his aggressive stance against cryptocurrencies.
In his place, Trump nominated Paul Atkins, a long-time crypto advocate, while Mark Uyeda was appointed as acting chairman. Uyeda wasted no time, immediately reversing the SEC’s anti-crypto stance.
Under his leadership, the SEC formed a crypto task force, led by Commissioner Hester Peirce, to:
✅ Create clear regulatory guidelines for crypto exchanges
✅ Establish realistic registration paths for crypto projects
✅ Curtail unnecessary enforcement actions
Trump’s $500 Billion AI Initiative
On the same day, Trump announced "Stargate", a $500 billion investment program aimed at strengthening the U.S. artificial intelligence sector. Key backers include OpenAI, SoftBank, and Oracle.
Elon Musk, however, expressed skepticism, arguing that the U.S. AI industry could fall behind China if funding and execution are not handled properly.
Day 3: Silk Road Founder Pardoned
On January 22, Trump pardoned Ross Ulbricht, the founder of the infamous darknet marketplace Silk Road. Ulbricht had served nearly a decade in federal prison for creating a platform that facilitated illegal drug and weapon sales.
Trump justified the move as a fight against unjust sentencing, while the crypto community celebrated it as a victory for internet freedom.

Day 4: Trump Creates a Crypto Task Force
On January 23, Trump signed an executive order to establish an internal crypto task force, tasked with:
✅ Positioning the U.S. as the world leader in crypto
✅ Blocking the creation of a central bank digital currency (CBDC)
The group consists of top financial regulators, excluding the Federal Reserve and the FDIC.

January 27 – U.S. Senate Confirms Pro-Crypto Treasury Secretary
On January 27, the U.S. Senate approved the nomination of Scott Bessent, a billionaire hedge fund manager, as the new Treasury Secretary, with a vote of 68-29.
Bessent, whom Trump selected in November 2024, has been a strong advocate for cryptocurrencies. Fox Business journalist Eleanor Terrett previously described him as "very pro-crypto, especially when it comes to Bitcoin."
Expressing his enthusiasm for Trump's stance on crypto, Bessent stated that "crypto is about freedom and fits perfectly within the philosophy of the Republican Party. The crypto economy is here to stay."
Following the confirmation, Ripple CEO Brad Garlinghouse congratulated Bessent in a post on X.

February 2: Trump’s Tariffs Shake Markets and Crash Bitcoin
Trump announced 25% tariffs on imports from China, Canada, and Mexico, triggering market-wide chaos. Stocks plummeted, and Bitcoin dropped 5% as investors reacted to the aggressive trade policy.
A week later, Trump extended tariffs to steel and aluminum, causing another dip in crypto markets. Analysts now expect heightened BTC volatility as Trump pursues an aggressive economic strategy.

Trump Fires Consumer Protection Chief
On February 3, Trump removed Rohit Chopra, the head of the Consumer Financial Protection Bureau (CFPB).
This move was part of a broader strategy to reduce financial oversight and create a friendlier environment for crypto businesses. Elon Musk had previously called for the complete abolition of the CFPB.

Trump Restructures the CFTC – Another Pro-Crypto Nominee
On February 7, Trump reshuffled the Commodity Futures Trading Commission (CFTC), appointing Brian Quintenz as chairman.
Quintenz, a former commissioner at the crypto-friendly venture capital firm a16z, has long advocated for clearer crypto regulations. His appointment is expected to accelerate DeFi adoption in the U.S..

Feb. 9 – Trump’s Tariffs Send Bitcoin Price Tumbling Again
On February 9, President Donald Trump announced a 25% tariff on all steel and aluminum imported into the United States. He also stated that he would introduce reciprocal tariffs on countries that impose their own levies on American goods.
These aggressive economic measures from the White House led to a brief drop in Bitcoin’s price, highlighting how sensitive the crypto market is to global macroeconomic events.
📉 More Volatility Expected
Market analysts warn that this decline may not be the last. Trump is considering expanding tariffs on the European Union, semiconductors, oil, gas, steel, and copper, which could trigger further sharp fluctuations in the markets.

Feb. 12 – Trump Strikes Prisoner Swap Deal with Russia
On February 12, the United States negotiated a prisoner exchange with Russia, securing the release of American teacher Marc Fogel in exchange for Alexander Vinnik, the former operator of the BTC-e crypto exchange.
Vinnik had pleaded guilty in May 2024 to charges of money laundering conspiracy, admitting to illegally transferring funds through BTC-e.
Fogel had been held in Russian custody since 2021, after being arrested at a Moscow airport for possession of cannabis.
Feb. 12 – Trump Appoints New CFTC Chair
Just a week after Rostin Behnam stepped down, President Trump nominated Brian Quintenz as the new chairman of the Commodity Futures Trading Commission (CFTC).
Quintenz, a former CFTC commissioner and executive at event betting marketplace Kalshi, has a strong pro-crypto stance. Having previously worked at Andreessen Horowitz (a16z), a crypto-friendly venture capital firm, he is widely expected to support policies favorable to the crypto industry.
While at the CFTC, Quintenz actively engaged with the crypto space, delivering numerous presentations on Bitcoin and decentralized finance (DeFi), signaling a shift toward a more open regulatory approach under the Trump administration.

Feb. 17 – DOGE Sets Its Sights on the SEC
After a series of budget cuts, layoffs, and restructuring across various federal agencies, it now appears that the Department of Government Efficiency (DOGE), under the unofficial leadership of Elon Musk, is turning its attention to the U.S. Securities and Exchange Commission (SEC).
“They are already at the gates,” an anonymous source stated in a Feb. 17 Politico report.
One of the many DOGE-affiliated accounts on platform X posted on Feb. 18, calling on the public to share insights on identifying and eliminating waste within the SEC.

Trump Strengthens His Economic Strategy – What’s Next?
On February 19, the Senate confirmed Howard Lutnick as Commerce Secretary. Lutnick, who previously held stakes in Tether, announced that he would sell his crypto investments within 90 days.
In just 30 days, Trump has set a radically new course for crypto. His administration is taking bold steps to support innovation, streamline regulations, and attract capital back to the U.S..
💬 What do you think? Is Trump truly a pro-crypto president, or is this just a strategic move to win industry support? Let us know your thoughts! 🚀

#DonaldTrump , #CryptoNewss , #ElonMusk , #CryptoPresident , #CryptoMarket

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“