Donald Trump’s victory in the 2024 US Presidential election has sparked a surge of enthusiasm among cryptocurrency enthusiasts, especially regarding his promises for Bitcoin and the crypto industry. These promises have contributed to pushing Bitcoin’s value beyond $75,000. His re-election marks a pivotal shift in US policy, with a clear focus on making the country a dominant force in the global crypto landscape.



11 Promises Donald Trump Regarding Bitcoin And Crypto

According to a recent post on Spot On Chain, Trump has outlined 11 key promises aimed at strengthening his support among Bitcoin advocates. These commitments include regulatory updates designed to create a more favorable environment for digital currencies.



1. Fire SEC Chairman Gary Gensler

Trump promised to shake up crypto rules by firing SEC Chair Gary Gensler on his first day. Gensler has been a key player in crypto regulation. Trump’s move shows he plans to push for policies that support more


Several candidates, like pro-crypto SEC Commissioner Hester Pierce, have been mentioned as potential successors to Gary Gensler.


2. Establish a National Bitcoin Stockpile

Trump plans to create a US “Bitcoin Stockpile” treating Bitcoin as a national asset, like gold. This would mark a major shift in how digital assets are integrated into US financial policy.



This could also help the flagship crypto move from being a risk asset to a flight to safety, similar to the way investors view gold.


3. Donald Trump Plans To Make the US the Global Hub for Crypto

Trump’s administration aims to make the US the world’s “crypto capital.” This goal could boost investment in crypto and drive innovation in the blockchain space.


For a long time, many crypto firms have chosen to adopt countries abroad as their headquarters, but that could change with Trump’s plan.


4. Retain Bitcoin Holdings from Seizures

Trump promised to retain 100% of the 203,650 BTC ($14.95B) currently held by the US government. He plans to create a national reserve to protect the asset from legal seizures and secure it for future growth.


The US is already the largest BTC holder among world governments, and this would solidify the country’s position, especially if Trump and his administration actively purchased more Bitcoin.


5. Eliminate Capital Gains Tax on Bitcoin

Trump’s plan includes removing the capital gains tax on Bitcoin transactions. This would make it more appealing for US investors to buy, hold, and spend Bitcoin.


This would also ultimately drive more institutional inflows into the Bitcoin ecosystem since more firms will be confident about including the flagship crypto on their balance sheet.


6. Donald Trump To Support Domestic Bitcoin Mining

Trump plans to focus on US-based Bitcoin mining to boost energy independence and lead in the digital economy. He supports building mining infrastructure on American soil.


It is worth mentioning that the US is already home to a majority of crypto miners, and this would only help solidify the country’s dominance in Bitcoin mining.


7. End the Anti-Crypto Crusade

Trump plans to end the “anti-crypto crusade” and push for fair treatment of digital assets. His goal is to create a pro-crypto environment with balanced regulations.


This also relates to the fact that the president-elect will fire the US SEC chair Gary Gensler who has so far been one of those who have led the anti-crypto crusade.