Trump’s Pre‑Election Crypto Promises Fulfilled
A Closer Look at the Crypto Initiatives of a Controversial Leader Donald Trump
This post can be read in Tocsin Magazine and all Medium members can read the full article here.
Introduction
Anyone involved in the crypto world has watched with keen interest and high expectations during the first month of the rule of the controversial “Crypto King” Donald Trump.
The Promise of a Crypto King
Trump’s pre‑election promises have long stirred debate in the crypto community. Supporters argue that if he were to deliver on all his promises, he could rightly be called a “king” and, for all intents and purposes, be on par with figures like Satoshi Nakamoto.
Yet, as his detractors remind us, Trump is known for making extravagant claims — many of which are as fleeting as ice placed under the sun, melting away along with his many falsehoods over time.
Despite this skepticism, not everything appears as grim as it might seem. In a surprising twist, “El Jefe” himself has delivered on several crypto‑related pledges that can be considered positive steps for the industry.
A Look at Some of Trump’s Promises
As everyone is aware, the larger-than-life Donald Trump declared that he would accomplish so much on his first day in office that a regular 24-hour day would need to be stretched to 124 hours to get everything done as promised.
Some of his most outlandish promises included:
- Ending the War in Ukraine: “On the very first day of my presidency, I will end the war in Ukraine.”
- Expelling 11 Million Immigrants: “On day one, I will expel 11 million immigrants from the USA.”
- Closing the USA–Mexico Border: “On day one, I will order the closure of the USA–Mexico border.”
- Pardoning Capitol Attack Perpetrators: “On day one, I will order the pardon of domestic terrorists who attacked the Capitol on January 6, 2021.”
- Repealing Environmental Measures: “On day one, I will repeal all environmental protection measures enacted by Biden and withdraw from the Paris Agreement.”
- Imposing High Tariffs Worldwide: “On day one, I will impose high tariffs on every country in the world except the USA.”
Some of these measures were put in place on the first day, others came later, and some are still in progress because they seem nearly impossible. However, our focus here is solely on the promises related to cryptocurrencies.
What Did Crypto King Donald Trump Actually Deliver?
Below is a list of the crypto‑related promises that have been fulfilled — because, for the crypto community, the bottom line is whether these commitments have been kept:
- Pardon of Ross Ulbricht: Trump pardoned Ross Ulbricht, the creator and founder of Silk Road, who was serving a life sentence.
- SEC Leadership Change: He promised to remove Gary Gensler from the SEC. Although Gensler resigned of his own accord, he was succeeded by Paul Atkins — a pro‑crypto figure now awaiting Senate confirmation.
- Empowering Crypto Advocacy at the SEC: Republican Commissioner Hester Peirce, known for her advocacy of clear cryptocurrency policies, has been appointed to lead the newly established “Crypto Working Group” at the SEC.
- CBDC Ban: Trump banned the Federal Reserve from issuing a central bank digital currency (CBDC), criticizing it as a potential tool for undermining citizens’ personal freedoms.
- Repeal of Restrictive Banking Regulations: He repealed SEC rule SAB 121, which had significantly hindered banks from holding cryptocurrencies, thereby paving the way for greater integration of digital assets into traditional financial systems.
- Establishing a National Digital Asset Reserve: An executive order was signed to create the National Digital Asset Reserve, marking the first step toward establishing a centralized digital asset reserve for the U.S. government. A working group led by David Sack has been formed to address this initiative.
- Formation of a Digital Asset Task Force: Under David Sack’s leadership, the newly established Digital Asset Task Force has prioritized the development of transparent and comprehensive regulations for digital assets — with special emphasis on stablecoins.
Promises Still Unfulfilled
Of the other crypto‑related promises, there are two that have yet to be delivered but are seen as crucial for broader crypto adoption:
1. Elimination of “Chokepoint” Regulations:
The removal of restrictive “Chokepoint” measures in the crypto and technology sectors — a relic of past administrations.
2. Protection of Personal Wallet Privacy:
Trump promised to safeguard the privacy of personal cryptocurrency wallets, ensuring that the details of crypto holdings would not be disclosed without explicit consent.
Final Thoughts
As we have seen, against all odds, Donald Trump has managed to fulfill some of his pre‑election crypto promises.
Given his long history of exaggeration and bending the truth, many doubted he would deliver on these commitments. Yet, as the old saying goes, “A wolf may change its fur but never its nature” — although this time, it appears the wolf might indeed be changing, or at least feigning change to deceive his followers.
The crypto community remains divided: many place high hopes in Trump, believing that the person who will finally resolve all crypto issues has assumed the presidency, while others remain skeptical. Only time will tell whether we can trust a leader described by some as an egocentric liar who cares only about money and himself.
https://cryptonftworlds.blogspot.com/2025/02/war-and-peace-in-ukraine-by-donald-trump.html
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