In a recent video shared on its official X account, crypto exchange Roxom features Eric Trump, son of former U.S President Donald Trump, speaking enthusiastically about Bitcoin. He characterized it as ‘digital gold’ and declared it to be the currency of the future, noting its growing global acceptance. This aligns with the ongoing shift in US cryptocurrency policy under the current administration, which has seen a notable easing of regulatory restrictions on digital assets.
The Trump administration’s pro-crypto stance is reflected in several recent actions, including the SEC’s reversal of its prior anti-crypto stance and abandonment of lawsuits against companies like Ripple. They have also made significant steps to foster support for blockchain technology, recognizing applications for ETFs based on cryptocurrencies such as XRP.
These changes contrast with a previous administration that faced criticism for obstructing financial products related to cryptocurrency, often citing investor protection concerns. The current administration is signaling its intention to balance oversight with innovation, positioning the U.S. as a global leader in crypto development.