Among Trump’s other campaign promises to the crypto industry included firing Securities and Exchange Commission Chair Gary Gensler - which he may not be able to do without cause - having all Bitcoin “made in the USA,” and blocking the US government from developing a central bank digital currency (CBDC).
During his first term, Trump said that BTC was “not money” and based on “thin air.”
Trump met with President Biden at the White House on Nov. 13 as part of the process to take office in January. Reports suggested the two men anticipated a “smooth” transition.