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- Crypto Reserve, Memecoins, Altcoins, PART TWO of Crypto in the 2024 Election Series | March 4, 2025
Crypto Reserve, Memecoins, Altcoins, PART TWO of Crypto in the 2024 Election Series | March 4, 2025
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Crypto Order Sparks National Digital Asset Focus
A newly signed executive order aims to build a national digital asset stockpile, highlighting the strategic potential of blockchain. DeFi Technologies Inc. (US: DEFTF & CAD: DEFI.NE) stands at the forefront by offering regulated exchange traded products that simplify digital asset access. As the U.S. takes strides in crypto policy, discover how DeFi’s approach may align with this emerging infrastructure.
Watch and Listen HERE
Featured in Today’s Episode | March 4, 2025
The sources of the links include Mondaq, which provides legal and regulatory insights on topics like AI copyright infringement and financial regulations; The Phenom Crypto Letter and Pomp Substack, both covering cryptocurrency trends and strategic shifts in the digital asset space; Payments Dive, offering deep dives into digital payments evolution, Visa’s global strategy, and BNPL trends; The Motley Fool, analyzing fintech market movements and stock performance; Digital Transactions, discussing Visa’s Tap-to-Phone adoption; The Defiant, reporting on regulatory stances on memecoins; Banking Dive, covering major financial institutions, CFPB updates, and Trump’s crypto reserve strategy; American Banker, highlighting niche banking strategies; The New York Times, examining consumer financial protection; The World Economic Forum, discussing the rise of digital payments in the Middle East; and The Atlanta Fed, addressing security concerns in payments, such as counterfeit cards and magstripe vulnerabilities.
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Links to News Sources from Today’s Episode
Source | Title | Live link |
Mondaq | AI Training Held to Constitute Copyright Infringement | |
Mondaq | Multistate Coalition Files Amicus Brief Warning Against Efforts to Dismantle the CFPB | |
Mondaq | Federal Court Finds Consumer Wire Transfers Are Subject to the Electronic Funds Transfer Act | |
The Phenom Crypto Letter | Phenom Pro: Altcoin Season Now with 100% More Institutions | |
Pomp Substack | What I Think About the Crypto Strategic Reserve | |
Payments Dive | Beyond BNPL: How Sezzle’s Growth Signals an Evolution of Digital Payments | |
The Motley Fool | Down 75% from 2021 Highs, History Says This Fintech... | |
Digital Transactions | Usage Blooms for Visa’s Tap-to-Phone Offering | |
BBC | [No Title Available] | |
The Defiant | SEC Says Memecoins Are Not Securities | |
Payments Dive | Visa Strategy Blueprint for Global Card Payments Growth | |
Banking Dive | CFPB: Five Men, Phone 3-Phase Wind Down | |
Banking Dive | Trump’s Strategic Crypto Reserve: Coins, Bitcoin, Ether, XRP, Solana, Cardano | |
American Banker | Why These Community Banks Are Betting on Niche Businesses | |
The New York Times | CFPB and Consumer Financial Protection | |
World Economic Forum | What’s Behind the Middle East’s Boom in Digital Payments? | |
Atlanta Fed | Counterfeit Cards Persist – Is Magstripe to Blame? |
Content for Subscribers
Crypto’s Electoral Comeback: From Skeptic to Champion (Part 2 of 5)
If you missed part One, you can find it HERE:
How Trump Became the Unexpected Hero of Crypto Voters
In 2019, Donald Trump dismissed Bitcoin as “thin air.” In 2024, he stood on stage at the Nashville Bitcoin Conference, promising to make America “the crypto capital of the planet.”
That transformation didn’t happen overnight. It wasn’t just a policy shift—it was a full-scale political recalibration.
The Pivot: How Trump Won Over the Crypto World
Trump’s first term was hostile to crypto. His administration viewed Bitcoin as a national security risk, with Treasury Secretary Steven Mnuchin warning it was used for illicit finance. The SEC, under Jay Clayton, took a hardline stance against ICOs (initial coin offerings), and the IRS began tightening tax enforcement on digital assets.
So what changed?
1️⃣ Follow the Money – Crypto adoption surged post-2020. The NFT boom, DeFi summer, and Bitcoin’s institutional acceptance meant crypto had become too big to ignore. The industry matured, and so did its lobbying power.
2️⃣ The Biden Backlash – Under Biden, Gary Gensler’s SEC waged an all-out war against crypto. Lawsuits against Coinbase, Binance, Ripple, and DeFi projects created a deep sense of resentment. Many in the crypto space felt the regulatory hostility wasn’t about investor protection—it was an existential attack on an industry that threatened traditional financial power.
3️⃣ A Populist Message – Trump’s political brand has always been about challenging the establishment. By 2023, crypto was positioning itself as a new frontier of financial independence, railing against central banks, government overreach, and Big Tech censorship. That made crypto and Trump a natural match.
At Nashville’s Bitcoin Conference, Trump fully embraced this new political identity, calling Bitcoin “freedom money” and vowing to:
💰 Make America a global leader in Bitcoin mining
📜 End the SEC’s regulatory crackdown on crypto firms
🚀 Support the creation of a Federal Bitcoin Reserve
But no announcement sent a stronger message than his promise to fire SEC Chairman Gary Gensler—the single most reviled figure in the crypto space.
The SEC War and the Promise to Fire Gensler
The SEC under Gary Gensler had been relentless.
🔴 Lawsuits – The agency aggressively pursued legal action against crypto firms, arguing they were operating as unregistered securities exchanges.
🔴 Regulation by Enforcement – Instead of clear guidelines, the SEC’s strategy was to sue first, explain later, leaving the industry in a constant state of uncertainty.
🔴 Hostility Toward Innovation – Gensler repeatedly dodged direct questions about whether Ethereum was a security, further deepening the regulatory chaos.
Crypto firms spent millions in legal battles. Executives openly called for Gensler’s removal. When Trump pledged to fire him, it was an instant political win—not just for his campaign, but for a crypto community desperate for regulatory relief.
“Gary Gensler has weaponized the SEC against innovation. He will be gone on DAY ONE.” – Donald Trump, July 2024
The response? Crypto Twitter went into overdrive. The moment quickly became one of Trump’s most shared campaign promises within the digital asset community.
The Trump Family’s Full Embrace of Crypto
Trump didn’t just adopt pro-crypto rhetoric—he put his family behind it.
🚀 August 2024: “The DeFiant Ones” – Trump teased a family-run crypto project, branding it as a direct challenge to traditional finance. Within days:
🔹 His Truth Social post went viral, drawing 7.5 million views
🔹 The Telegram group surged past 40,000 members
🔹 The project gained backing from prominent Bitcoin whales
Meanwhile, Eric Trump became an unexpected crypto evangelist. He repeatedly posted that he had:
“Fallen in love with Crypto/DeFi” and promised to “shake up the industry with something HUGE.”
Was this genuine belief or political opportunism?
Probably both.
But one thing was clear—the Trump family had positioned itself as the first fully pro-crypto White House in U.S. history.
The Fallout: Crypto’s New Political Power
The 2024 election proved something important:
📌 Crypto is now a political force. The industry outspent Big Tech in lobbying dollars for the first time.
📌 Regulatory hostility comes with consequences. The Biden administration’s anti-crypto stance may have cost them key voters in swing states.
📌 Candidates can’t ignore crypto anymore. Future politicians—Republican or Democrat—will have to address digital assets in their platforms.
🚨 Coming Up in Part 3: How crypto donors became the biggest corporate contributors in the 2024 race—and how they targeted key battleground states to flip the election.
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#Crypto #Bitcoin #Trump2024 #SEC #DeFi #Blockchain #PoliticalPower
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