Trump Speech Says He Signed Executive Orders to End Biden’s War on Bitcoin and Crypto
In a electrifying speech at the FILL Priority event hosted by the America First Policy Institute, President Donald Trump made a fiery declaration: he’s signed executive orders to dismantle what he calls “Joe Biden’s war on Bitcoin and crypto.”
Speaking before a packed audience and a backdrop adorned with American flags and the institute’s logo, Trump positioned himself as the crypto industry’s savior, contrasting sharply with his earlier skepticism during his first term.
The remarks highlight Trump’s dramatic shift toward embracing digital assets, a move that’s already igniting excitement among crypto enthusiasts. “They were so hostile until the very end,” Trump said of the Biden administration, pointing to the Securities and Exchange Commission’s (SEC) aggressive enforcement actions under Chair Gary Gensler. He claimed the SEC indicted “everyone for no reason whatsoever,” a reference to the agency’s 83 crypto-related enforcement cases, including high-profile lawsuits against crypto exchanges like Coinbase and Binance.
According to Trump, many of those indictments were quietly dropped right before the 2024 election, as the Biden administration reportedly feared alienating crypto’s 125 million users—a demographic Trump credits for his victory.
This pivot builds on Trump’s January 23, 2025, executive order, “Strengthening American Leadership in Digital Financial Technology,” which reverses Biden-era restrictions and pushes for a national digital asset stockpile. The order signals a pro-crypto agenda, aiming to position the U.S. as a global leader in blockchain innovation while protecting self-custody rights for crypto holders. Trump’s rhetoric—“I saved your life,” he told those previously targeted by SEC actions—underscores his claim of acting out of principle, not politics, vowing to lead “the forefront of every industry,” including cryptocurrencies.
Video clip of Trump’s speech at the FILL Priority event
A New Era for Crypto Under Trump’s Watch
The response has been positive, with people hailing Trump’s stance as a “moonshot” for crypto prices, while others note his “impeccable timing” ahead of a potential bull run. Data shows Bitcoin soaring past $100,000 in December 2024 on expectations of a crypto-friendly Trump administration. Yet, the road ahead isn’t without challenges. The SEC, now led by Trump’s crypto-friendly pick Paul Atkins, is reviewing past enforcement cases, but crafting clear regulations could take months, as noted by blockchain experts.
Trump’s speech not only reaffirms his campaign promises but also sets the stage for a transformative era in U.S. crypto policy. Whether this bold pivot will deliver on its promise or spark new controversies remains to be seen.