With his return to the presidency, Donald Trump has positioned himself as a key figure in the Bitcoin conversation. His keynote at Bitcoin 2024 laid out ambitious plans for integrating Bitcoin into the U.S. economy, making him the first U.S. president to openly champion the cryptocurrency in such a way. As his second term begins, the Bitcoin community is eager to see how his promises will evolve into concrete policies, with hopes of a friendlier regulatory environment and a more secure, innovative financial system.

The Promises

Trump’s speech at Bitcoin 2024 highlighted a series of initiatives aimed at embracing Bitcoin and blockchain technology:

• Ending the “anti-crypto stance” from previous administrations, with a commitment to revising the approach to regulation.
• Establishing a Presidential Crypto Advisory Council to shape the national strategy for Bitcoin and blockchain innovation.
• Rejecting the idea of a Central Bank Digital Currency (CBDC).
• Securing and holding government-owned bitcoin, with plans to create a strategic stockpile.
• Freeing Ross Ulbricht, the founder of the Silk Road online marketplace, who has been imprisoned since 2013.
• The removal of SEC Chairman Gary Gensler.

While Trump’s commitment to Bitcoin is undeniably encouraging for the community, translating ambitious promises into effective policy presents a challenging path forward. His call for removing SEC Chairman Gary Gensler resonated with Bitcoin advocates, many of whom blamed Gensler for restrictive policies. Although it’s unclear if Trump’s influence played a role, Gensler’s announcement of his November departure signals a changing regulatory tide. Trump’s proposal to establish a Crypto Advisory Council holds potential, but its success will depend on bipartisan cooperation and a clear, actionable mandate. Without these elements, it risks becoming a hollow political gesture. Additionally, his opposition to a Central Bank Digital Currency (CBDC) aligns well with privacy advocates and decentralization proponents, and there does seem to be support from within the Republican party for this policy. In regards to Ross Ulbricht, President Trump has many avenues to explore, from a commuted sentence to a presidential pardon. Whether it happens “day one” or within the early days of Trump’s second term, Ulbricht’s freedom is on the horizon.

As with any sweeping political vision, enthusiasm must be tempered with pragmatism. Turning promises into actionable policies takes time, especially within the labyrinth of established financial systems. Regulatory reforms move slowly, often hindered by entrenched interests and complex legislative processes. Nonetheless, Trump’s vocal advocacy of Bitcoin marks a cultural shift in American politics. Even if not every initiative reaches full fruition, his presidency could significantly alter public perceptions and policy discourse surrounding Bitcoin, embedding the cryptocurrency deeper into the national conversation.

Should political inertia or opposition delay progress, the Bitcoin community has tools to remain proactive and engaged. Active participation in shaping policy will be key—advocating for legislative clarity and innovation-friendly frameworks can help ensure Bitcoin’s potential is realized. Keeping a vigilant eye on regulatory shifts, including how Trump’s administration addresses existing SEC cases and cryptocurrency classifications, will also be crucial. Flexibility and readiness to accept incremental progress could yield meaningful wins, especially in resisting CBDCs and strengthening the government’s bitcoin holdings strategy.

Ultimately, Trump’s pro-Bitcoin stance represents a historic pivot toward integrating Bitcoin into U.S. governance. While challenges and delays are inevitable, the presence of a Bitcoin advocate in the White House offers unprecedented opportunities. The next few years will test whether America can truly become a beacon for Bitcoin innovation or whether political realities will slow the revolution. Either way, Bitcoin now has a powerful ally at the highest level of government—a hopeful signal for its future trajectory in the United States and beyond.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

​ As President Donald Trump’s second term begins, the Bitcoin community looks to his bold promises on Bitcoin regulation, national strategy, and economic growth. What’s in store—and how soon? 

Looking to cement Wyoming’s position at the forefront of Bitcoin innovation, freshman Representative Jacob Wasserburger (@jacob4wyoming) has introduced the “State Funds-Investment in Bitcoin Act” (HB0201), a bill aimed at creating a Bitcoin Strategic Reserve for the state. Following the footsteps of groundbreaking Bitcoin legislation previously passed in Wyoming, this bill seeks to secure the state’s financial future while paving the way for broader national adoption.

Wyoming: A Tradition of Innovation

“Wyoming has always been a pioneer—from women’s suffrage, to the first national park; from the invention of the LLC, to the frontier of digital assets,” Wasserburger remarked when introducing the bill. “HB0201 ensures that Wyoming remains the leading state for legislative innovation in Bitcoin, while providing our citizens with the long-term benefits of sound money and financial sovereignty.”

HB0201 would allow the allocation of a portion of Wyoming’s state funds into Bitcoin as part of a diversified investment strategy. By doing so, the state aims to capitalize on Bitcoin’s long-term appreciation potential while promoting its principles of decentralization and monetary resilience. The initiative aligns with Wyoming’s established reputation as the most Bitcoin-friendly jurisdiction in the United States, a legacy cultivated by laws such as the Wyoming Special Purpose Depository Institution (SPDI) framework, and includes more than two dozen other laws and regulations passed or promulgated since 2018.

National Collaboration: Supporting Senator Lummis and President-elect Trump

Representative Wasserburger’s ambitions extend beyond Wyoming. The freshman legislator emphasized the importance of supporting efforts by Wyoming Senator Cynthia Lummis and President-elect Donald Trump to establish a United States Strategic Bitcoin Reserve.

“As a proud supporter of Senator Lummis and President-elect Trump’s efforts, I believe Wyoming can play a vital role in this national initiative,” Wasserburger stated. “Building a strategic Bitcoin reserve isn’t just about securing financial strength—it’s about ensuring that both Wyoming and America remain leaders on the global stage.”

This collaboration underscores the growing recognition of Bitcoin as a geopolitical asset. Advocates argue that holding Bitcoin as a reserve asset could hedge against inflation, protect against economic instability, and strengthen the United States’ position in an increasingly digital global economy.

The Economic Case for a Bitcoin Strategic Reserve

At the heart of HB0201 lies an economic argument as compelling as it is revolutionary. Bitcoin, often described as “digital gold,” has demonstrated remarkable resilience and growth over the past decade. For Wyoming, a state that has consistently championed financial independence and innovation, the potential upside of Bitcoin aligns with its long-term vision.

“We can’t afford to sit on the sidelines while other states, like Texas, Pennsylvania, North Dakota, New Hampshire and others move forward with their own Bitcoin reserve bills,” said Wasserburger. “Passing HB0201 quickly ensures that Wyoming remains the leader among the states, setting the standard for financial innovation and sovereignty. With many other states likely to follow suit, now is the time to solidify our position as the trailblazer in the digital economy and ensure Wyoming stays ahead of the pack.”

“Wyoming’s economic future depends on embracing innovation while staying true to our principles of individual liberty and financial independence,” said Wasserburger. “Investing in Bitcoin is not just smart policy—it’s Wyoming’s way of saying we’re ready for the future.”

In a time when states are grappling with economic uncertainty and inflationary pressures, Bitcoin’s fixed supply and decentralized nature offer a stark contrast to traditional financial systems. By adopting HB0201, Wyoming positions itself as a leader not just in Bitcoin regulation, but in integrating Bitcoin into the financial apparatus of state governance.

This is a guest post by Colin Crossman. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

​ A look at a bill being proposed for a Wyoming state level Bitcoin Strategic Reserve. 

I was recently a guest on the Mr. M podcast, where the host, Maurizio (Mr. M), and I discussed many of the realities of investing in bitcoin that often aren’t discussed with enough nuance.

For context, Maurizio invited me onto the show because he wanted to discuss a Take I wrote last week entitled “Don’t Buy The Bitcoin Dip,” in which I shared that we’ve already been in a bitcoin bull market for over two years and that now likely isn’t the best time to make sizable bitcoin purchases. (Please note that, in the article, I didn’t encourage anyone to sell their bitcoin, nor did I suggest that they stop dollar-cost averaging into the asset.)

We discussed the piece and also touched on some other dynamics involved with investing in bitcoin that don’t often get brought up. So, I figured I’d share some bullet points from the conversation here as a teaser for the episode.

When investing in bitcoin, you can:

• Sell some if you need some cash, and it’s better to do this while bitcoin’s price is high
• Not go all in on bitcoin; having a cash buffer can be psychologically beneficial, as bitcoin is a volatile asset
• Consider timing when making larger bitcoin purchases; bitcoin’s price goes through boom and bust cycles, and it’s best to buy during bear markets

I share these points because, oftentimes, louder voices in the Bitcoin space broadcast messages like “Buy the dip” or “Never selling!” (my favorite example of this is the episode of What Bitcoin Did entitled “Buy the Fucking Dip” that was published at the near the tippy top of the 2021 bull market), prompting those new to the space or who might benefit from selling or spending some bitcoin during a bull market not to.

Had I not sold some bitcoin during the latter part of the previous bull run, I wouldn’t have had the cash buffer that made it easier for me to quit my previous job, which was making me miserable, so that I had some financial breathing room while looking for work in the Bitcoin space. And here I am now, writing articles for Bitcoin Magazine for a living in part because I sold some of my bitcoin.

So, please understand that Bitcoin is a tool that can be used in many different ways. Examine your life circumstances, and think for yourself when it comes to how to use your bitcoin. Don’t just listen to the devout HODLers who may make you feel like less of a Bitcoiner for doing what’s best for you.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

​ Ignore the mindless chanting of slogans, and do what you want with your bitcoin stack.