Key Points Under President Donald Trump, the crypto industry has experienced what some are now calling a "Golden Age" for crypto. A hands-off approach to crypto regulation, combined with speculative froth, could lead to market excesses and new risks. For most investors, it's still best to stick to relatively conservative crypto investments that are subject to extensive regulatory oversight.
10 stocks we like better than Bitcoin › Under President Donald Trump, the U.S. is embracing cryptocurrency like no other time in crypto's brief 16-year history. And it's not just Bitcoin (CRYPTO: BTC), either. It's a full-spectrum embrace of everything crypto, including altcoins, stablecoins, and meme coins.
Not surprisingly, crypto enthusiasts are proclaiming this to be a new "Golden Age" for cryptocurrency. But are they right? And if they are, what should you be buying now?
Signs of a new "Golden Age" are everywhere When Trump campaigned for president in 2024, he promised a complete shakeup of the crypto industry, and that's exactly what he has delivered. The pace of change has been so fast that it's been hard to keep up. A major shakeup at the Securities and Exchange Commission has taken the regulatory shackles off the crypto industry.
That has opened the door for companies such as Coinbase Global (NASDAQ: COIN) and cryptocurrencies such as XRP (CRYPTO: XRP), both of which were facing regulatory issues heading into 2025. Image source: Getty Images. A new "anything goes" approach to crypto has given the green light to MicroStrategy (NASDAQ: MSTR), which is now doing business as Strategy, to continue its epic Bitcoin-buying spree.
Following its lead, new companies are being formed that do nothing but buy Bitcoin. And, perhaps most importantly, a pro-crypto approach has led corporations and institutions that previously wouldn't touch digital assets to get involved with crypto. At the same time, the U.S. government is now looking for ways to buy Bitcoin for its new Strategic Bitcoin Reserve, which launched in March.
Too far, too fast? So, what could possibly go wrong? A lot, actually.
For one, there have already been serious questions about potential conflicts of interest involving the Trump family and even Trump himself. That's because Trump launched a new Official Trump meme coin days before assuming office, and his family launched a new crypto venture called World Liberty Financial during the 2024 election. There are now all kinds of questions swirling around the amount of foreign money that is being pumped into these projects.
Even if there is no outright corruption or pay-for-play influence peddling going on, the optics are bad and could cause investors to lose their faith in crypto.
