Trump’s Crypto Revolution: Bitcoin Reserves, SEC Overhaul, and the New Finance Wild West
Day 100 of the Trump crypto presidency—and Wall Street’s already sweating. The administration just greenlit a controversial Bitcoin reserve plan, slashed SEC oversight, and turned DC into a blockchain lobbying free-for-all. Here’s the damage so far.
Bitcoin as Strategic Reserve Asset
The Treasury now holds 50,000 BTC—acquired during last month’s market dip at ’a tremendous discount, believe me.’ Critics call it reckless speculation; Trump’s team claims it’s hedging against ’the dollar’s radical devaluation.’
SEC Purge: Gensler Out, Crypto Bros In
Gary Gensler’s replacement? A Coinbase alum who immediately axed 40% of enforcement cases. ’We’re prioritizing innovation over regulation,’ reads the memo—while XRP whales pop champagne.
The Goldman Reckoning
JPMorgan’s Jamie Dimon now begrudgingly mines Bitcoin in Texas. BlackRock’s ETF fees got undercut by a meme coin with a dog mascot. And yes, someone actually launched a TrumpToken (TRUMP/USD +600% this week).
One hedge fund manager muttered: ’It’s not a bubble if the government starts buying the dip.’ Meanwhile, your 401(k) just got auto-allocated to shitcoin futures. Welcome to the decentralized circus.
