Trump’s Crypto Comeback: SEC Shakeups & DeFi Showdown

News | Thought leadership | Price predictions

Good morning, and welcome to the Cryptopolitan Daily.

When the crypto lobby backed Trump in the US elections, they had some high expectations from the “Crypto President” 

According to reports the crypto lobby PACs poured more than $130 Million into the elections, making them one of the highest donors for his campaign. According to a tracker by the group Stand with Crypto, 274 pro-crypto candidates secured seats in the House, while 20 were elected to the Senate this cycle.

Since President Trump’s inauguration, every decision from his office has been closely watched and scrutinized by the crypto-bros and Cryptopolitan, of course.

From the proposed Bitcoin reserve and the first White House Crypto Summit to the ever-shifting tariff policies, each decision has sent ripples through the crypto market.

Here's what’s making waves this time.

Trump picks pro-crypto Paul Atkins for the next SEC chair

Atkins is emerging as the leading candidate to replace former SEC Chair Gary Gensler, who built a reputation as a fierce opponent of the crypto industry. Unlike Gensler—who frequently called out bad actors in the space and insisted that existing securities laws were enough to enforce compliance—Atkins is signaling a different approach, one that could mark a major shift in the agency’s stance on digital assets.

Atkins faced the U.S. Senate for his confirmation hearing on March 27, 2025. During the session, he underscored the need for clearer regulations in the digital asset space, advocating for a framework that fosters both innovation and market integrity. While many in the financial sector back him for his regulatory experience and pro-innovation stance, critics—led by Senator Warren—have voiced concerns over his ties to influential billionaire executives.

Atkins' confirmation signals key decisions ahead for the SEC, including those impacting the crypto industry. Analysts suggest this shift could pave the way for approvals of additional digital asset products, such as spot ETFs for XRP, Solana, and Dogecoin, which have yet to receive regulatory approval.

Do you think Atkin’s appointment will be a good decision for the crypto industry? 

🔥 Join the convo on X with @CPOffcialtx and tag us with your take, as we cover it in real time.

Senate overturns IRS DeFi rule—Now It’s up to President Trump (and we can guess how that might end)

Originally introduced during the Biden administration, the rule aimed to impose traditional broker reporting requirements on decentralized protocols. This would have forced developers and platforms to track user data and report transactions to the IRS—despite the fact that most DeFi tools operate without custody of customer funds.

Critics argued that the rule was unworkable, as DeFi protocols operate without centralized control, making it nearly impossible to comply. The crypto industry has long pushed back, calling it an overreach that could stifle innovation and force U.S.-based projects offshore.

Now, the repeal sits on President Trump’s desk. If signed into law, it would mark a significant win for the crypto community, reinforcing the idea that decentralized networks shouldn’t be regulated like banks. But it also raises new questions about how the U.S. will approach crypto taxation and oversight moving forward.

President Trump’s stance has been clear, end operation choke point 2.0 that was implemented by the Biden administration and has brought America on a backfoot when it comes to emerging technologies like Crypto and AI.

Passing this order into a law might be another step by the President to tackle operation choke point.

President Trump made his intentions clear at the Digital Asset Summit.

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