- Trump claims his executive orders ended Biden’s restrictive policies on Bitcoin and cryptocurrency, aiming for U.S. leadership in digital assets.
- He criticized the SEC’s crypto-related indictments as politically motivated, alleging many were dropped before recent elections.
At the FII PRIORITY Summit in Miami Beach, former President Donald Trump stated Wednesday that his executive orders have halted what he described as the Biden administration’s restrictive stance toward Bitcoin and cryptocurrency.
Trump emphasized efforts to position the U.S. as a leader in artificial intelligence and digital asset innovation.
“I’ve signed orders to keep America first in AI and to stop Joe Biden’s attacks on crypto. That fight is finished,” he said.
Trump directed criticism at the Securities and Exchange Commission’s handling of crypto-related cases. He characterized numerous indictments as politically driven, suggesting his influence contributed to their dismissal ahead of recent elections.
“Many faced charges without cause. These were people who enjoyed charging others,” Trump remarked.
“Most cases were dropped right before the election—too late to matter.” He connected voter support to the outcomes, stating, “Smart voters chose me, and those charges disappeared.” He did not specify which cases were dropped or provide evidence of political bias.
The former president rejected claims of political motivation behind his decisions, framing them as principled actions. “I act based on what’s correct, not politics. Leading in every sector matters” he asserted. Crypto advocates have long criticized the SEC for aggressive enforcement, which they argue stifles growth. Trump’s comments come amid ongoing debates over regulatory clarity for crypto assets.
Trump also tied his pro-crypto stance to Bitcoin’s recent performance, noting its repeated price peaks.
“Bitcoin hit record highs because people trust my plan to make America the center of crypto,” he said.
ETHNews analysts caution that multiple factors influence cryptocurrency prices, including global economic trends and institutional adoption. Observers note that values have fluctuated in response to regulatory developments, though direct causation remains debated.
The remarks align with Trump’s broader campaign themes of economic competitiveness and deregulation. While his administration’s previous crypto policies drew mixed reactions, his latest pledges target voters in tech and finance sectors.
Current regulatory frameworks continue to evolve, with lawmakers divided on balancing innovation and oversight. ETHNews analysts suggest crypto could play a larger role in 2024 electoral strategies. The intersection of technology policy and electoral politics may shape how candidates address digital assets moving forward.
