Trump promises to make America the Bitcoin Superpower
U.S. President Donald Trump continues to make waves, with the crypto ecosystem being no exception. Trump announced that he wants to make the United States a digital asset powerhouse, and is taking the necessary steps together with his administration and advisers.
In March, Trump hosted the White House Digital Asset Summit led by White House AI and Crypto Tsar David Sachs. The summit brought together top crypto leaders, and the steps we are seeing now may be a direct outcome of the event.
At the end of the month, Trump appeared and spoke at the Digital Asset Summit, which was the first time that the sitting U.S. President addressed a crypto conference. Trump spoke about how the United States will dominate the crypto industry and the next generation of financial technologies.
He vowed for clear crypto regulation that would enable institutions to invest, innovate and take part in ‘one of the most exciting technological evolutions in modern history’. Trump promised that crypto pioneers will be able to improve banking and payment systems for consumers and businesses, unleashing economic growth and noted that he is excited to see the energy and passion of the crypto community.
Bitcoin as strategic asset
In March, President Trump signed an executive order to create a U.S. strategic Bitcoin reserve and digital asset stockpile. Although there was no announcement about committing to buy new Bitcoin, this move recognizes BTC as a strategic asset.
During the lifetime of Bitcoin, the old crypto guard, newbies and crypto sceptics, were wondering whether Bitcoin will be banned, which could have been the case considering that it can be seen as a competitor to the fiat system. The move of U.S. strategic crypto reserve signals Bitcoin’s official recognition as a strategic asset and countries around the World are expected to follow.
Stablecoin act
Major progress has been made with stablecoin regulation. The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) has passed the Senate Banking Committee vote, creating a clear regulatory framework.
The bill establishes a comprehensive regulatory framework for stablecoins for issuers and investors. Besides reserve requirements and consumer protection, what is interesting about the act is that it lacks provision that would prohibit non-financial firms from entering the banking business, this way opening the doors for commercial firms such as Amazon, Twitter/X or Facebook/Meta to enter the stablecoin business.
The U.S.A. is set to benefit greatly from the U.S. dollar backed stablecoins, which are becoming the major buyer of the U.S. Treasury bonds. Foreign countries, such as China, Japan, the UK and others used to be the main buyers of the U.S. treasuries, however now Tether, USDT, has become the seventh largest U.S. treasury buyer holding over $33 billion in bonds- more than Canada, Mexico and Germany combined. By providing clear regulations for stablecoins, the US is ensuring the U.S. dollar domination for years in the future.
Today, the stablecoin market sits at around $320 billion and industry leaders expect the stablecoin market to explode in 2025, potentially increasing by 10x within the next five years.
Stablecoins have already proven their great use case for remittances and cross- border transactions, and with the clarity coming straight from the United States, there remains little doubt that this market will explode.
SEC lawsuits
The U.S. war on crypto players is winding down, with multiple cases dismissed last month. When being run by Gary Gensler, the U.S. Securities and Exchange Commission, SEC, has pursued enforcement against a number of crypto companies and individuals, relying on existing outdated regulations instead of creating new ones and guiding the industry.
In March, the SEC dismissed the lawsuit against Kraken with no admission of wrongdoing, penalties or charges. It has dropped the lawsuit on XRP for allegedly violating securities law.The agency has also paused a civil lawsuit on Tron’s founder Justin Sun and agreed to seek for a resolution. In 2023, Justin Sun was accused of selling unregistered securities and manipulating the price of TRX.
Solana and Binance Smart Chain in the spotlight
Towards the end of March, Binance Smart Chain, BSC has surged in activity and is leading the on-chain usage, surpassing Ethereum and Solana. This follows Binance’s delisting of USDT for trading in the European region, as it is non-compliant in the EU’s MiCA regulations, therefore users moved USDT to BSC. Also, memecoin trading activity boosted transaction load on this blockchain. Binance Smart Chain dominated DEX trading volume with PancakeSwap becoming the highest earning DEX in the market.
Meanwhile, Solana is making ETF strides. The U.S.-based Volatility Shares is launching Solana futures ETFs (SOLZ and SOLT), paving the way for a spot Solana ETF. This follows the precedent set by Bitcoin and Ethereum ETFs and is the first altcoin after ETH to be approved.
Industry experts expect a spot Solana ETF to be approved within the year—a major milestone for the crypto space, with $3-6 billion in new capital inflows expected to follow such a move.
Ethereum losing momentum?
While Ethereum remains a cornerstone of the crypto world, it has been falling behind expectations. The blockchain has been lacking new narratives, losing momentum and received plenty of criticism for building plenty of Layer 2 chains that have become ghosts after the user acquisition campaigns led by farming incentives and airdrops have dried out.
Ethereum Foundation did announce a series of reforms, such as changes in leadership and focusing on application layer development, however other chains such as Solana and BSC have much more excitement in their communities, leaving old believers holding onto Ethereum ethos behind.
A New Era for Crypto Has Begun
March 2025 can be marked as the month when crypto stepped out of the shadows and into the mainstream. With bold regulatory advancements, a shift in U.S. policy, and major legal wins, crypto is no longer a niche industry—it’s a fundamental part of the financial future.
The U.S. is positioning itself as the leader of this transformation, setting the stage for unprecedented growth and adoption. Crypto is now being taken seriously at the highest levels of government and finance and those who were in the industry early are set to reap the benefits of first mover advantage.
March is gone and Agne Linge, WeFi's Head of Growth reflects back on what happened during that month. Follow along if you want to know the highlights of March when it comes to the Crypto World.
The U.S. war on crypto players is winding down, with multiple cases dismissed last month. When being run by Gary Gensler, the U.S. Securities and Exchange Commission, SEC, has pursued enforcement against a number of crypto companies and individuals, relying on existing outdated regulations instead of creating new ones and guiding the industry.
Trump promises to make America the Bitcoin Superpower
U.S. President Donald Trump continues to make waves, with the crypto ecosystem being no exception. Trump announced that he wants to make the United States a digital asset powerhouse, and is taking the necessary steps together with his administration and advisers.
In March, Trump hosted the White House Digital Asset Summit led by White House AI and Crypto Tsar David Sachs. The summit brought together top crypto leaders, and the steps we are seeing now may be a direct outcome of the event.
At the end of the month, Trump appeared and spoke at the Digital Asset Summit, which was the first time that the sitting U.S. President addressed a crypto conference. Trump spoke about how the United States will dominate the crypto industry and the next generation of financial technologies.
He vowed for clear crypto regulation that would enable institutions to invest, innovate and take part in ‘one of the most exciting technological evolutions in modern history’. Trump promised that crypto pioneers will be able to improve banking and payment systems for consumers and businesses, unleashing economic growth and noted that he is excited to see the energy and passion of the crypto community.
Bitcoin as strategic asset
In March, President Trump signed an executive order to create a U.S. strategic Bitcoin reserve and digital asset stockpile. Although there was no announcement about committing to buy new Bitcoin, this move recognizes BTC as a strategic asset.
During the lifetime of Bitcoin, the old crypto guard, newbies and crypto sceptics, were wondering whether Bitcoin will be banned, which could have been the case considering that it can be seen as a competitor to the fiat system. The move of U.S. strategic crypto reserve signals Bitcoin’s official recognition as a strategic asset and countries around the World are expected to follow.
Stablecoin act
Major progress has been made with stablecoin regulation. The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) has passed the Senate Banking Committee vote, creating a clear regulatory framework.
The bill establishes a comprehensive regulatory framework for stablecoins for issuers and investors. Besides reserve requirements and consumer protection, what is interesting about the act is that it lacks provision that would prohibit non-financial firms from entering the banking business, this way opening the doors for commercial firms such as Amazon, Twitter/X or Facebook/Meta to enter the stablecoin business.
The U.S.A. is set to benefit greatly from the U.S. dollar backed stablecoins, which are becoming the major buyer of the U.S. Treasury bonds. Foreign countries, such as China, Japan, the UK and others used to be the main buyers of the U.S. treasuries, however now Tether, USDT, has become the seventh largest U.S. treasury buyer holding over $33 billion in bonds- more than Canada, Mexico and Germany combined. By providing clear regulations for stablecoins, the US is ensuring the U.S. dollar domination for years in the future.
Today, the stablecoin market sits at around $320 billion and industry leaders expect the stablecoin market to explode in 2025, potentially increasing by 10x within the next five years.
Stablecoins have already proven their great use case for remittances and cross- border transactions, and with the clarity coming straight from the United States, there remains little doubt that this market will explode.
SEC lawsuits
The U.S. war on crypto players is winding down, with multiple cases dismissed last month. When being run by Gary Gensler, the U.S. Securities and Exchange Commission, SEC, has pursued enforcement against a number of crypto companies and individuals, relying on existing outdated regulations instead of creating new ones and guiding the industry.
In March, the SEC dismissed the lawsuit against Kraken with no admission of wrongdoing, penalties or charges. It has dropped the lawsuit on XRP for allegedly violating securities law.The agency has also paused a civil lawsuit on Tron’s founder Justin Sun and agreed to seek for a resolution. In 2023, Justin Sun was accused of selling unregistered securities and manipulating the price of TRX.
Solana and Binance Smart Chain in the spotlight
Towards the end of March, Binance Smart Chain, BSC has surged in activity and is leading the on-chain usage, surpassing Ethereum and Solana. This follows Binance’s delisting of USDT for trading in the European region, as it is non-compliant in the EU’s MiCA regulations, therefore users moved USDT to BSC. Also, memecoin trading activity boosted transaction load on this blockchain. Binance Smart Chain dominated DEX trading volume with PancakeSwap becoming the highest earning DEX in the market.
Meanwhile, Solana is making ETF strides. The U.S.-based Volatility Shares is launching Solana futures ETFs (SOLZ and SOLT), paving the way for a spot Solana ETF. This follows the precedent set by Bitcoin and Ethereum ETFs and is the first altcoin after ETH to be approved.
Industry experts expect a spot Solana ETF to be approved within the year—a major milestone for the crypto space, with $3-6 billion in new capital inflows expected to follow such a move.
Ethereum losing momentum?
While Ethereum remains a cornerstone of the crypto world, it has been falling behind expectations. The blockchain has been lacking new narratives, losing momentum and received plenty of criticism for building plenty of Layer 2 chains that have become ghosts after the user acquisition campaigns led by farming incentives and airdrops have dried out.
Ethereum Foundation did announce a series of reforms, such as changes in leadership and focusing on application layer development, however other chains such as Solana and BSC have much more excitement in their communities, leaving old believers holding onto Ethereum ethos behind.
A New Era for Crypto Has Begun
March 2025 can be marked as the month when crypto stepped out of the shadows and into the mainstream. With bold regulatory advancements, a shift in U.S. policy, and major legal wins, crypto is no longer a niche industry—it’s a fundamental part of the financial future.
The U.S. is positioning itself as the leader of this transformation, setting the stage for unprecedented growth and adoption. Crypto is now being taken seriously at the highest levels of government and finance and those who were in the industry early are set to reap the benefits of first mover advantage.
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