Trump’s Policy and Its Effect on Global Crypto Trading

• Share on
• 
• 
• 
• 

Cryptocurrency has become a major part of the global financial system, and government policies play a big role in shaping how it grows. During Donald Trump’s presidency, the U.S. government took specific steps that had a strong influence on how crypto was traded, both in the United States and around the world.

While the Trump administration did not create new laws focused only on crypto, its general approach to financial regulation, trade, and enforcement still impacted the crypto industry. One area that felt the effects was global crypto trading, including the growing field of Bitcoin casinos.

Overview of Trump’s Crypto Policy During His Presidency

Donald Trump did not speak much about cryptocurrency during his time in office, but his administration made its views clear through actions. Trump himself was skeptical of digital currencies like Bitcoin. In 2019, he tweeted that he was “not a fan of Bitcoin and other cryptocurrencies,” calling them “not money” and “based on thin air.”

Despite this personal opinion, the government did not ban crypto or take extreme actions against it. However, the Trump administration focused on stronger financial controls and anti-money laundering laws.

Agencies like the Securities and Exchange Commission (SEC) and the Financial Crimes Enforcement Network (FinCEN) increased their efforts to control crypto activity. They wanted to make sure that digital assets followed the same rules as traditional financial tools.

These policies made it harder for some new crypto startups to grow, especially those not fully prepared for strict compliance rules. At the same time, these efforts gave more trust to the crypto market by pushing for clear rules and protecting investors.

Trump vs. Biden: Comparing Crypto Policy Approaches

When Joe Biden became president, many expected big changes in crypto policy. While Biden’s administration has shown more interest in building a clear framework for digital assets, Trump’s approach was more focused on law enforcement and limiting risk.

Biden signed an executive order to study cryptocurrencies and create a national strategy for digital assets. This shows a more open attitude toward the potential of crypto technology, including exploring a digital version of the U.S. dollar.

In contrast, Trump’s administration seemed more concerned about the risks tied to crypto, such as fraud, tax evasion, and use in illegal trade. Biden’s policies, so far, aim to balance risk management with innovation, while Trump’s team leaned more toward caution and tight control. This difference in approach affected how investors and companies around the world viewed the U.S. crypto market.

Impact of U.S. Sanctions on Global Crypto Transactions

One major part of Trump’s policy that affected global crypto trading was the use of sanctions. The Trump administration used economic sanctions as a key foreign policy tool. This had an impact on cryptocurrency because some countries under sanctions turned to digital currencies to avoid restrictions.

The U.S. government began watching crypto wallets and exchanges more closely to prevent the use of digital currencies for bypassing sanctions. For example, there were efforts to stop Iran and North Korea from using crypto to fund their programs or avoid U.S. control. These actions caused global crypto exchanges to be more careful. Many started blocking users from certain countries or improving their ID-checking systems.

As a result, global crypto trading became more complex, especially for users and businesses in countries facing U.S. restrictions. These rules also pushed more exchanges to move away from the U.S. market or take a more cautious approach when dealing with American users.

Regulations on Bitcoin Casinos: A Closer Look at U.S. Policy

Bitcoin casinos, which allow users to gamble online using cryptocurrency, have grown in popularity, offering various incentives and bonuses to attract players. According to Austin Reynolds, an expert in casinos, games, and bonuses at Casino Bonuses Now—a trusted resource for comprehensive reviews and insights into crypto casino platforms—these bonuses significantly drive user engagement. Reynolds emphasizes that regulatory pressure, like that introduced under Trump-era policies, prompted Bitcoin casinos to increase transparency, enhance player verification, and adopt robust security measures. This evolution benefited players by providing safer environments but also reduced opportunities for fully anonymous gambling.

The U.S. government made it clear that any crypto-related service dealing with money must follow the rules set by agencies like FinCEN.

Under Trump, there was increased pressure on companies to register properly and report suspicious activity. Bitcoin casinos that failed to do this could face fines or be blocked from operating in the U.S. This led many Bitcoin casinos to increase their transparency, ask users to verify their identity, and follow more formal procedures. In turn, it helped reduce fraud but also made it harder for some users to access anonymous gambling services.

Globally, U.S. pressure influenced how other countries viewed Bitcoin casinos as well. Many began reviewing their own laws to make sure they were not helping illegal activity. This led to a more regulated environment worldwide, where Bitcoin casinos had to meet higher standards.

Conclusion

Donald Trump’s policies had a strong effect on the global crypto trade, even though his administration did not create major new laws for the sector. The focus on financial control, enforcement, and sanctions made the crypto world more careful and more structured.

For global users, this meant more checks and fewer chances to trade freely across borders. Bitcoin casinos were also affected, needing to meet tighter rules to stay active and legal. While opinions may differ on whether Trump’s approach helped or hurt crypto’s growth, it clearly left a mark on how the world views digital currency trading and regulation.