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US bets big on Crypto. But investors aren’t buying it?
From a proposed Bitcoin reserve to regulatory shifts, the White House's crypto pivot marks a significant moment—but is it a true inflection point or just a political recalibration?
Cryptopolitan News
March 10, 2025 • Estimated Reading Time: 8 minutes
Hello, and welcome to the Cryptopolitan Daily.
The White House Crypto Summit sent shockwaves through the industry. A Bitcoin Strategic Reserve, the end of Operation Chokepoint 2.0, and a bold U.S. crypto pivot—but is this a genuine shift or just political maneuvering? Let’s dive in.
Market-moving headlines 🔥
Stock markets crashed, with the Nasdaq 100 losing 1,050 points and S&P 500 futures falling 0.4%, as recession fears spread. | ECB President Christine Lagarde rejected Bitcoin as a reserve asset, while Czech National Bank Governor Ales Michl is considering a 5% Bitcoin allocation. |
Markets are in panic mode as Trump’s trade war, 25% tariffs, and mass government layoffs add to economic uncertainty. | Bitcoin dropped over 11% despite the U.S. creating a Strategic Bitcoin Reserve, as investors reacted with short-term selling. |
The first White House Crypto Summit: Aftermath
On 7th March, all eyes were on the first ever Crypto Summit in the White House by President Donald Trump and AI and Crypto Czar David Sacks. Many wondered—is this the Bitcoin Reserve we wre promised?
Expectations were high.
After the underwhelming budget neutral US Bitcoin Reserve, the crypto community were hopeful of big announcements at this summit. Tax break on crypto, reserve for altcoins, or even clear regulatory guidance, the community was eyeing for meaningful outcomes— not fluff.
What went down.
The Summit began 30 minutes late, as President Trump announced that the U.S. will co-host the FIFA World Cup alongside Canada and Mexico, amid ongoing trade negotiations with both countries.
Trump was joined by FIFA President Gianni Infantino as they presented the World Cup to a global audience.
Meanwhile, the crypto community waited anxiously for the summit to begin—some even tuned in to the FIFA announcement, inadvertently boosting its viewership.S
oon after the announcement was wrapped, Trump head on to the room—- filled with crypto pioneers— Michael Saylor, Brian Armstrong, Winklevoss twins, Zach Witkoff, co-founder of Trump’s own crypto company, World Liberty Financial, but sadly no CZ, whose participation was rumoured, could it be due to his time in prison?
The crypto community was left disappointed when their favorite industry figures were absent from the summit. Instead, they were met with an unexpected guest—FIFA President Gianni Infantino—once again.
What was the FIFA president doing at the Crypto Summit?
Yes, you heard that right—Gianni Infantino hinted at the possibility of an official FIFA cryptocurrency, playfully inviting industry pioneers to explore the idea with him.
In response, Trump remarked, “It could be quite a coin… might be worth more than FIFA,” in a lighthearted exchange. Considering FIFA generates $10 billion in annual revenue, his comment wasn’t entirely off the mark.
After Trump’s comments, the value of a cryptocurrency called FIFA COIN rose by 142,000%, hitting a market cap of about $3 million. Read more about it here.
After the FIFA segment, attention shifted back to crypto.
Everyone was eager for President Trump’s address, with industry titans Michael Saylor and Brian Armstrong seated beside him and the Crypto Czar. All eyes were on the stage, anticipating what the pro-crypto President would announce next.
The President, who briefly launched his own memecoin and just signed an executive order establishing a U.S. Bitcoin Reserve, had already made waves in the crypto space. However, with the reserve announcement falling short of investor expectations, anticipation for his next remarks was even higher.
President Trump made bold statements.
After Trump’s address, industry leaders took turns congratulating and thanking him for his support of the crypto sector—one that played a significant role in the 2024 election, with crypto PACs and related organizations contributing over $245 million to his campaign.
According to Public Citizen, crypto firms made up nearly half of all corporate political donations, further solidifying the industry's influence in U.S. politics.
Once the acknowledgments were over, the focus shifted back to Trump, who emphasized that America must lead in crypto and emerging technologies like AI, specifically highlighting China as a key competitor.
And that’s a wrap.
The summit discussed no major reforms or laws– SODL.
Source: Coingecko
Investors sold the news—Bitcoin drops below $80K
Was this genuine support or an “off the hook” event?
The announcement of the strategic US crypto reserve, as we analysed in our last edition, was underwhelming for the investors.
The community and the lobby were looking forward to real reforms, not a pat on the back.
Technically speaking, the Trump administration is off the hook for the promises made during elections.
But what the US administration is missing on, is an opportunity to lead the space, which some countries like UAE are already doing.
A non “budget neutral” US crypto reserve means that the world would have to soon follow. Countries that are currently restrictive of crypto would have no choice but to embrace it. Crypto would become the most advanced global financial asset ever created.
This is what was expected of the Trump administration– to lead the way.
The silver lining
This is definitely a start, because this Crypto Summit made one thing clear, the current US government is not against it but embraces it.
The next big thing for the administration to work on is Stablecoin Regulations. Something teased by the current government and could set norms for how the US government perceives stablecoins, one of the most effective use case of the blockchain saga.
Stay ahead of the next big shifts in crypto—follow Cryptopolitan on X for real-time updates.