Donald Trump declares the 'crypto wars are over', but the tech industry is still hungry for more

President Donald Trump made a historic statement when he declared that “the war on cryptocurrencies is over” during his first public appearance at the White House Crypto Summit. With this declaration, the US policy on cryptocurrencies has clearly shifted from distrust to active encouragement.

A New Era for Cryptocurrencies

Crypto has historically been challenged by policies and regulatory barriers under successive US administrations and has fueled distrust. However, President Trump’s pro-crypto stance suggests that mainstream banking systems are becoming more receptive to digital assets.

During the meeting, Trump said that the adoption of blockchain technology and digital currencies is essential to maintaining the country’s competitive advantage and acknowledged their transformative power.

Establishment of Strategic Bitcoin Reserve

President Trump affirmed the country’s dedication to digital assets by announcing the establishment of the “Strategic Bitcoin Reserve.”

The project seeks to harness digital resources for national development by collecting and safely keeping large amounts of Bitcoin. The reserve is designed to withstand economic fluctuations and profit from rising cryptocurrency values.

The government’s new stance has been largely welcomed by the Bitcoin industry. Market data suggests this hope; Bitcoin’s value has clearly surged as the news came out. Meanwhile, industry leaders said they hope for more comprehensive rules to guarantee the steady development and integration of digital assets into the main economy.

Regulatory ambiguity remains

Despite the optimistic rhetoric, the meeting still left unresolved legislative issues. For companies and investors, the lack of comprehensive rules on issues such as taxation, consumer protection, and compliance standards has left uncertainty.

Due to the lack of clear rules, participants remain cautious, and this uncertainty reduces the overall potential of the Bitcoin industry.

Future perspective: Bridging the gap between policy and practice

The government's announcement marks a turning point for the Bitcoin industry. However, to fully realize the advantages of this policy change, it is urgent to establish a comprehensive regulatory system that addresses the complex issues of digital assets.

Developing rules that support innovation while maintaining economic stability and consumer interests will largely depend on cooperation between lawmakers, business leaders, and technical experts.

In essence, even if President Trump's announcement marks a favorable shift in the government's attitude towards cryptocurrencies, the path to a fully integrated and prosperous digital asset ecosystem still depends on the development of clear and sound legal rules.

Despite the cautious attitude, the technology industry remains bullish as it expects specific initiatives to determine the direction of cryptocurrency in the United States.