From scrapping Biden-era lawsuits against crypto firms to greenlighting a strategic bitcoin reserve, President Trump's first 100 days included a combination of both symbolic and concrete moves on digital assets.
While crypto observers agree the long-term impacts of these moves are not yet clear, key players in the crypto industry see Trump's early changes as wins in their own rights.
The persistent positivity remains even as Trump's other policy moves, from the trade war to the launch of meme coins, create new frustrations for some in the crypto industry.
"The big picture here is tremendous, and we have a long-term perspective, we invest for the long term from our seat [and] it's as good as it could possibly be," said Nic Carter, a founding partner at crypto investment firm Castle Island Ventures.
After months of courting voters who own or support cryptocurrencies, Trump planted a flag for pro-crypto policies within days of his return to office.
The president signed an executive order during his first week to create a working group focused on digital assets led by David Sacks, the White House czar for artificial intelligence (AI) and cryptocurrency.
While pouring nearly $250 million into 2024 races up and down the ballot, the crypto sector has pushed for clearer rules on cryptocurrency trading and an end to the Biden administration's aggressive regulatory approach.
The industry's investment is paying off, and the administration is listening, various crypto executives told The Hill.
"Whether you support this administration or not, the fact is: regulators are starting to engage in a real dialogue. That matters," said JP Richardson, the CEO of bitcoin and crypto wallet Exodus.
"For years, we were left in a gray zone — building without clear guidance, always worried about getting blindsided. What we're seeing now is a willingness to listen."
Read more takeaways from Trump's first 100 days at TheHill.com.
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