The cryptocurrency sector is optimistic about achieving comprehensive regulatory clarity in the United States under President Donald Trump’s administration. Industry leaders, including CEOs of Coinbase, Binance, and Circle, expressed confidence during the World Economic Forum (WEF) in Davos. The sentiment reflects a significant shift from the previous administration, which was often perceived as hostile to the crypto space.

Brian Armstrong, CEO of Coinbase, highlighted the challenges of the past, stating, “They tried to weaponize the lack of clarity in the rules to push back, even on the good actors.” With the launch of a “crypto task force” by the U.S. Securities and Exchange Commission (SEC) aimed at crafting a comprehensive regulatory framework, the industry is gearing up for what Armstrong calls the “dawn of a new day.”

Clear Rules to Drive Growth

The SEC’s new task force is expected to focus on issues like token issuance, trading regulations, and asset management. Binance CEO Richard Teng believes these developments will drive broader acceptance of crypto assets and fuel industry growth.

“This year will be pivotal for crypto regulation in the U.S.,” Teng remarked. “We anticipate much clearer rules, which would be a positive driver for bitcoin and other digital assets.”

Bitcoin’s performance reflects this optimism, having surpassed the $100,000 milestone last year and trading at $104,000 as of Wednesday, according to CoinGecko. Teng predicts that 2025 will bring new all-time highs for the crypto market, supported by regulatory progress.

U.S. Considers Strategic Bitcoin Reserve

Trump’s administration has also floated the idea of establishing a strategic bitcoin reserve, leveraging crypto assets seized from criminal activities. Circle CEO Jeremy Allaire described this move as “prudent” for central banks, potentially marking a return to commodity-backed financial systems.

Allaire explained, “Fiat currency abuses have led to significant global debt issues. Holding bitcoin as a reserve asset could stabilize the system and prevent cycles of economic mismanagement.”

This policy aligns with Trump’s campaign promise to integrate bitcoin into the U.S. financial framework, reflecting a strong pro-crypto stance from the administration.

Stablecoin Legislation on the Horizon

Another key area of focus is stablecoin regulation. With bipartisan support already present in Congress, experts anticipate rapid progress in establishing a licensing framework for stablecoin issuers. The Clarity for Payment Stablecoins Act, which aims to regulate dollar-pegged digital tokens like Circle’s USDC, is expected to gain traction.

Circle, Coinbase, and other U.S.-based blockchain champions are well-positioned to benefit from these legislative advancements. Allaire concluded, “The U.S. has the opportunity to lead in shaping global crypto policy, and under this administration, we’re poised to see significant progress.”