In his first 100 days back in office, President Donald Trump has made significant strides in supporting the crypto industry, fulfilling several campaign promises. He pardoned Silk Road founder Ross Ulbricht, a move celebrated by the libertarian community, and issued an executive order directing the U.S. Treasury to establish a Strategic Bitcoin Reserve. This reserve, supported by seized Bitcoin, aims to position the U.S. as a leader in the cryptocurrency space.Trump also created a U.S. Digital Asset Stockpile to hold other cryptocurrencies. His appointment of Paul Atkins as SEC Chairman signals a shift towards reducing regulatory obstacles for crypto firms. The SEC has already shown signs of easing its stance against the industry, moving away from enforcement-heavy policies. Additionally, Trump signed a law that overturned a controversial IRS reporting rule affecting decentralized finance platforms, marking a historic first for pro-crypto legislation. Overall, Trump's early administration reflects a strong commitment to boosting the crypto sector, which many stakeholders hope will lead to more concrete regulatory actions soon.

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