U.S. Crypto Policy Swings From Famine to Feast—Wall Street Already Licking Its Chops

After years of regulatory malnutrition, America’s crypto sector is finally getting a seat at the big kids’ table. The sudden policy shift smells suspiciously like election-year pandering—but hey, beggars can’t be choosers.

Politicians who once treated blockchain like radioactive waste now trip over themselves to sponsor pro-crypto legislation. Meanwhile, the usual finance vampires are circling, repackaging decentralized tech into predictably centralized profit engines.

Will this institutional embrace strangle crypto’s revolutionary potential? Probably. Will it mint a fresh crop of crypto billionaires? Absolutely. The house always wins.

Bessent eyes relief for the Treasury market

Bessent hinted at heavily transforming the traditional financial system beyond digital assets. He said U.S. regulators are nearing the end of a process that will remove the supplementary leverage ratio (SLR) requirement on banks that trade Treasuries.

As a post-2008 crisis safeguard, the SLR currently requires banks to hold more capital against holding trading Treasuries in their reserves. Bessent said that removal could increase liquidity in the $29 trillion market and lower Treasury yields by a few basis points. The Federal Reserve, Office of the Comptroller of the Currency, and the FDIC are in discussions. This WOULD represent a significant regulatory change and may help digital asset markets.

Trump’s crypto dinner stirs debate

Meanwhile, President TRUMP is seizing the opportunity to brand himself as crypto’s political champion. In a recent Truth Social post, he said the U.S. is ‘dominating in crypto, bitcoin, etc.,’ vowing to ‘keep it that way.’

The top 220 holders of Trump’s TRUMP meme coin were invited to a high-profile crypto dinner at Trump’s Virginia golf club. Legislators raised concerns about the VIP event’s transparency and its ethical implications. It was reported to have raised $148 million. 

They questioned the concentration among Trump-linked entities and the risk of foreign influence. Despite the criticism, attendees viewed the dinner as indicative of just how politically relevant crypto is becoming.

The White House Press Secretary Karoline Leavitt confirmed that the president was there in his personal time and that no official guest list will be released. Several guests attended with the intent of changing Trump’s stance on crypto regulation, the New York Times later reported.

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