Justin Sun Applauds Trump’s Crypto-Friendly Stance—Is This Political Posturing or Genuine Progress?
Crypto mogul Justin Sun throws public support behind former President Trump’s pro-digital asset rhetoric. The endorsement comes as regulatory uncertainty continues to plague the industry.
Sun—no stranger to courting political favor—praised Trump’s ’forward-thinking’ approach. Meanwhile, institutional investors yawn and check their traditional equity portfolios.
Will this alliance move the needle for crypto adoption, or is it just another case of strange bedfellows in the Wild West of finance?
Trump buys Bitcoin as US creates satellites to store BTC in space
In March 2025, President Trump passed an executive order for the Strategic bitcoin Reserve, a move solely intended to hedge Bitcoin as part of the US treasury. The reserve is financed directly by Bitcoin seized in criminal and civil investigations — not taxpayer funds.
The hope is to treat Bitcoin like gold, a strategic store of value that the government holds long-term. Trump’s directive also established a new US Digital Asset Stockpile to oversee other cryptocurrencies.
An executive order was also to review the government’s digital asset holdings. And though Senator Cynthia Lummis reported that the government owns something like 200,000 BTC, the entire report has yet to be released after a security review by the WHITE House.
The crypto-friendly wave on Capitol Hill keeps rolling. According to long-time Bitcoin advocate Senator Cynthia Lummis, the US Senate will consider the BITCOIN Act next week. The bill is intended to codify the Strategic Bitcoin Reserve and permit the federal government to purchase as many as 1 million BTC over five years.
The bill encourages broader acceptance of Bitcoin throughout federal infrastructure and payment systems. This aligns with Trump’s general crypto stance: to relax crypto laws, court blockchain investment, and protect minors’ rights.
Lummis said it wasn’t just about Bitcoin and advancing America’s financial independence.
The Senate is also considering a Stablecoin Bill, a legislation that WOULD be the country’s first comprehensive crypto regulatory framework. Some analysts say such common-sense leadership has the potential to bring long-awaited legal clarity and financial confidence to US crypto markets through the BITCOIN Act and the Stablecoin Bill.
The US Senate seems to be getting close to passing its landmark stablecoin bill, the GENIUS Act — a battle its champion Cynthia Lummis (R-Wyo.) said has been incredibly hard-fought.
“It has been extremely difficult,” Lummis said during a fireside chat with Coinbase’s Chief Legal Officer Paul Grewal at Bitcoin 2025 in Las Vegas on Tuesday. “I had no idea how hard this was going to be.”
Trump drives US Bitcoin strategy forward
With Trump’s support and Congress already legislating, the US is quickly becoming the No. 1 place in the world for cryptocurrency innovation. Classic Chinese crypto players like Justin Sun are toasting the move — and doubling down on US crypto investments.
The market likes what it sees. Bitcoin is in the $109,000 range today, and ethereum is rising. Big exchanges and mining operations are moving on American turf, citing stable policy and rising institutional interest.
One thing is apparent as the world looks on: under President Trump, Bitcoin will no longer be just a FORM of digital money — it will be the national strategy.
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