Trump’s Big Bet: Is the US becoming the Crypto Capital or Risking it All?

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In a world already buzzing with geopolitical chaos – be it the Middle East conflict, the ongoing Russia-Ukraine war, the reopened Epstein investigation, or the constant backdoor economic deals – President Donald Trump, now back in the White House in 2025, has dropped another headline-maker. This July, his administration introduced three landmark bills in the House that have already begun stirring debates across party lines and public spheres. As expected, controversy wasn’t far behind.

Interestingly, Trump, who once openly doubted crypto and called it “a scam,” has now completely flipped his stance. Not only has he launched his own meme coin, but he’s also publicly rebranded himself as a supporter of the crypto economy. He now claims the crypto industry is too powerful to ignore and that the U.S. must lead it, not follow. That shift in attitude forms the core of one of the new bills he introduced, the GENIUS Act, which Trump proudly claims is “named after himself.”

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References

  1. The White House. (2025, July). Fact sheet: President Donald J. Trump signs GENIUS Act into law.
  2. Dwyer, D. (2025, July 17). Trump to sign 1st major federal cryptocurrency bill into law. ABC News
  3. Dorn, S. (2025, July 17). House passes Stablecoin GENIUS Act—here’s what to know. Forbes
  4. Arnold & Porter. (2025, July). New stablecoin legislation: Analyzing the GENIUS Act.
  5. Hindustan Times. (2025, July). What’s in Donald Trump’s GENIUS Act? Has POTUS signed it yet? When will it take effect?
  6. Metz, J. (2025, July 22). NV congressional Democrats help advance ‘reckless’ Trump crypto agenda. Nevada Current.
  7. India Today. (2025, July 23). Trump media’s bitcoin holdings hit USD 2 billion, boosting crypto-fueled fortune.
  8. Barchart News Staff. (2025, July). Is Coinbase stock a buy, sell, or hold after Trump signed the GENIUS Act?
  9. CNBC TV18. (2025, July). Genius Act: Stablecoins legalisation, cryptocurrencies & Eswar Prasad’s view.
  10. Crypto with James. (2025, July 20). Trump signs GENIUS Act: What it means for crypto [Video].
  11. CNBC Television. (2025, July). LIVE: Crypto policy shift as Trump signs GENIUS Act [Video].
  12. Digital Asset News. (2025, July). Bitcoin just hit $2 billion for Trump media! GENIUS Act explained [Video].

All the views and opinions expressed are those of the author. Image Credit: The Viyug.

About the Author

Vishnugayathre is pursuing a Postgraduate Diploma in Geopolitical Risk Analysis at Amity University. With strong research interests in Political Philosophy, International Relations and International Law, she is passionate about exploring the intersection of ideas and policy, dedicated to translating complex theories into actionable insights for real-world international challenges. She holds a Bachelor’s degree in Political Science from Kumaraguru College of Liberal Arts and Science

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