Not Just the US! Trump’s Crypto Revolution Is Reshaping the Global Market  

The United States’ first pro-crypto president took office at the beginning of this year. Six months on, we’ve already seen a significant shift in crypto regulation and adoption.

And it’s not just in the US!

Since digital assets are borderless by nature, having the world’s leading superpower super-charge crypto has started a process that is positioned to change crypto forever.

That means you don’t have to be flying the blue, white, and red flag to have a vested interest in understanding what’s happening in the US right now.

Since Trump took office, we’ve seen Bitcoin soar to a new all-time high, welcomed a massive wave of institutional investors in the crypto space, and even seen countries itch to build their own Bitcoin stockpiles.

Here’s why crypto may never look the same again.

What Legal Changes Have Been Implemented So Far?

Since Trump took office in January 2025, the administration has moved swiftly to create a crypto-friendly environment. 

Here’s what’s happened so far.

Trump's Crypto Working Group Promises Big Changes

On January 23, 2025, Trump signed an executive order establishing a Working Group on Digital Assets to review existing regulations and propose policies to drive market growth.

Trump appointed vocal crypto advocate David Sacks as "Crypto Czar". As recently as last month. Sacks took the stage at the Bitcoin 2025 Conference and declared that “Bitcoin is the financial system of the future."

He expects to deliver comprehensive regulation by August 2025.

The SEC Stops Clamping Down on Crypto

Since Trump took office, we’ve also seen the Securities and Exchange Commission (SEC) vow to stop regulating through enforcement. That has led to them dropping non-fraud lawsuits against many major crypto projects, including PulseChain.

At the same time, the SEC has issued guidance on cryptocurrency staking, fueling a 260% surge in real-world asset (RWA) tokenization, with a market valuation reaching $23 billion by June 2025. This has spurred institutional adoption, with firms like Circle, which saw a 168% stock surge on its June 5 NYSE debut, exploring stablecoin services.

Crypto Regulatory Clarity Is Coming

This month, a significant new piece of legislation promises to take things to a whole new level. 

On June 4, 2025, the Senate held a hearing for the CLARITY Act, a crypto market structure bill designed to clarify token classifications and streamline compliance for exchanges. 

This complements the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), which advanced with a 66-22 Senate vote in May 2025 and is nearing a final vote as of June 7, 2025. 

The GENIUS Act mandates asset backing, disclosure requirements, and anti-money laundering compliance for stablecoin issuers, aiming to legitimize dollar-pegged cryptocurrencies. 

Lawmakers are currently discussing major policy changes like exempting mined or staked crypto from taxation until sold, creating de minimis exclusions for small crypto transactions, applying securities lending tax rules to crypto lending, and extending safe harbor provisions for non-U.S. traders.

Plus, Eric Trump proposed a capital gains tax exemption for US-based crypto projects. This would significantly benefit established projects like Ripple, Solana, Avalanche, Cardano, and others. However, foreign companies would still be required to pay a 30% capital gains tax on their crypto profits.

The Crypto Industry Is About to Change Forever

With the appointment of a pro-crypto head of the SEC and improved regulatory clarity, here are the changes we can expect shortly:

1. Better investment opportunities

Policies like SAB 121, which restrict banks from holding digital assets off-balance sheet, may be repealed in the coming months.

Removing these obstacles would attract more retail and institutional investors, giving them a legal framework for buying and storing crypto alongside other assets.

2. Legalization of smart contracts

The recent case of the court overturning US sanctions against Tornado Cash has set a legal precedent for the future treatment of smart contracts.

With a more crypto-friendly administration, companies that wish to operate on the blockchain may soon have a clear legal framework to do so.

3. Stablecoins’ regulation

The legislation structure proposed by US Senator Bill Hagerty may pave the way for stablecoin regulation, allowing state-chartered banks to issue stablecoins without requiring Federal Reserve approval.

According to US Senator Kirsten Gillibrand, clear and sensible stablecoin regulation can help to “maintain the US dollar dominance, promote responsible innovation, and protect consumers.”

4. Taxation rules

The introduction of clear taxation rules for crypto will finally bring regulatory clarity to the sector. 

Businesses would get a clear framework for reporting crypto transactions. Investors, in turn, would also benefit from the well-defined tax structure, reducing their fear of sudden policy shifts.

Tax exemption may be applied as well, but for US citizens only. 

Too Good to Be True?

If—or rather when—these changes are implemented, the US crypto market is expected to boom. However, there are some potential downsides to consider.

First, the introduction of crypto taxes will force US investors to dump non-US coins in favor of domestic assets. This may increase the selling pressure on global companies, especially those with a large portion of their funds held by US investors.

Next, removing crypto taxes before the release of any solid regulation could result in a market frenzy similar to the ICO boom in 2017. Since nearly 80% of all ICO projects ended up being scams, we might see a repeat of this scenario—only on a much larger scale.

Finally, the tax incentives for local projects may redirect venture capital away from global markets, favoring US-based startups and leading to a fragmented crypto market.

The Global Impact: Why Trump's Crypto Policies Matter Everywhere

Whether you live in the US or abroad, Trump’s presidency is set to reshape the landscape of the whole cryptocurrency industry.

Being one of the largest financial hubs, the US has a global impact on global market dynamics. That regulatory shifts in the US will have ripple effects across the world.

Companies will need to adapt to changing investment trends, while investors outside the US may see shifts in market behavior driven by American regulations. In the end, the evolution of US crypto policies will shape the future of the industry—and everyone involved in it.