Cryptocurrency executives at the World Economic Forum (WEF) in Davos expressed optimism about the likelihood of the United States passing comprehensive crypto regulations this year, spurred by the pro-crypto stance of President Donald Trump.
Executives from leading crypto firms, including Coinbase, Binance, and Circle, shared their perspectives. They see 2025 as a turning point for the industry, with President Trump’s administration providing a clearer path toward legislation and regulatory clarity after years of uncertainty under the previous administration.
The “Dawn of a New Day” for Crypto
Brian Armstrong, CEO of Coinbase, which is the largest crypto trading platform in the U.S., described the current moment as the “dawn of a new day” for the crypto industry.
“You have to remember: the last four years, we really felt like we were being attacked by this administration,” Armstrong said, referencing the aggressive enforcement actions against crypto companies by regulators in recent years.
“They tried to weaponize the lack of clarity in the rules to really push back, even on the good actors,” Armstrong said. “Now, the industry is ready for clear rules and regulations. That’s our big push.”
Armstrong emphasized that the crypto sector is eager to collaborate with regulators to create a framework that fosters innovation while addressing risks such as fraud and instability.
SEC Launches “Crypto Task Force”
A major boost for the crypto community came earlier this week when the U.S. Securities and Exchange Commission (SEC) announced the creation of a “crypto task force.” According to the SEC, this task force will focus on developing a comprehensive framework for crypto assets, including rules for token registration, trading, and asset management.
Richard Teng, CEO of Binance, said the establishment of this task force is a vital step forward. He emphasized the importance of regulatory clarity to support the growth of digital assets like bitcoin, which has recently surged past the $100,000 mark.
“If you look at past cycles, this year will be a year that we see a new all-time high for the crypto industry,” Teng.
A Strategic Bitcoin Reserve?
Another potential development under the Trump administration is the establishment of a U.S. strategic bitcoin reserve. President Trump had floated this idea during his campaign, suggesting that the reserve could be funded using cryptocurrency assets seized from criminal operations.
Jeremy Allaire, CEO of Circle, expressed support for the concept. “It would be prudent for central banks to hold some reserves in something like bitcoin,” he said. Allaire added that such a move could signal a return to a commodity-backed monetary system, which could help counteract the “abuses” of fiat currency systems.
Allaire also highlighted the bipartisan support in Congress for stablecoin regulation as a significant opportunity for progress. Circle, which issues the USDC stablecoin, is optimistic about the passage of the Clarity for Payment Stablecoins Act, a bill that seeks to establish a clear regulatory framework for stablecoin issuers.
Industry Optimism
The crypto industry’s growing optimism stems not only from President Trump’s pro-crypto stance but also from the increasing number of lawmakers advocating for crypto-friendly policies. With bipartisan support for stablecoins and other digital assets, executives expect 2025 to be a transformative year.
“The industry is ready for this change,” Armstrong said. “We have American champions like Coinbase, Circle, and Solana leading the way. Now is the time to build clear rules to advance this industry.”
As the U.S. moves closer to comprehensive crypto regulation, crypto leaders believe these changes will usher in a new era of innovation and legitimacy for the sector, boosting market confidence and paving the way for long-term growth.
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