The first 100 days of the Presidency of Donald Trump were marked by a series of decisions that deeply impacted the world economy and the cryptocurrency sector. From the trade war with Canada and Mexico to the creation of a Bitcoin strategic reserve, a return on the main measures taken by the American president since his inauguration.
- Donald Trump marked a historic turning point by imposing customs tariffs in Canada and Mexico, triggering a trade war in the world’s repercussions on the economy and cryptocurrencies.
- The creation by Trump of a Bitcoin strategic reserve aroused considerable astonishment, asking questions about the future of cryptocurrencies in the American economy.
Trade war: Donald Trump imposes customs tariffs in Canada and Mexico
On February 1, Donald Trump announced the taxation of Customs prices on certain products imported from Canada and Mexicoinvoking concerns related to national security. This decision has caused a climbing of trade tensions between the three countries, with retaliatory measures announced by Canada and Mexico.
These customs tariffs had an immediate impact on the financial markets. They led to a drop in the prices of several cryptocurrencies, including Bitcoin. Investors fear that this trade war will slow down global economic growth and affect demand for crypto assets.
Donald Trump creates a Bitcoin strategic reserve
Then Donald Trump signed a decree creating a Bitcoin Strategic Reserve. This reserve is intended to protect the American economy against fluctuations in financial markets. This decision was welcomed by the supporters of the cryptocurrencies, who see it as recognition of the legitimacy of Bitcoin as a reserve ratio.
However, some observers have criticized this measure, believing that it could encourage the Speculation on the cryptocurrency markets And Increase price volatility. In addition, the creation of this reserve raises questions on the management and security of public funds invested in Bitcoin.
Liberation of Ross Ulbricht, founder of Silk Road
On March 13, Donald Trump commissioned the sentence of Ross Ulbricht, the founder of Silk Road, an online sales platform of illegal products using Bitcoin as a means of payment. Ulbricht had been sentenced to life imprisonment in 2015 for his role in the creation and management of Silk Road.
This decision was welcomed with Relief by Ulbicht supporterswho considered his sentence excessive. However, she also aroused criticism. Indeed, some believe that Trump sent a bad signal by releasing a criminal linked to cryptocurrencies.
Appointment of Paul Atkins at the head of the dry
On January 20, Donald Trump appointed Paul Atkins at the head of the Securities and Exchange Commission (SEC), the American financial market regulatory body. Atkins is known for its pro-Cryptomonnaie positions and should promote the adoption of these digital assets by financial institutions.
This appointment was perceived as good news for the cryptocurrency sector. He hopes to see the regulations get down under the chairmanship of Trump. However, some fear that this deregulation will promote fraud and scams on the cryptocurrency markets.
Launch of the same WLFI by World Liberty Financial
On January 20, World Liberty Financial, a company related to the Trump family, launched the same WLFI, a humorous cryptocurrency inspired by Dogecoin. This launch was largely publicized. He drew attention to the memecoins sector, these cryptocurrencies based on internet memes.
However, the launch of the WLFI has also aroused criticism, some accusing the Trump family of taking advantage of its position to promote a cryptocurrency without real utility. In addition, the volatility of the same poses significant risks for uninformed investors.
Sam Bankman-Fried pleads for a presidential forgiveness
Finally, in an interview with the New York Sun, Sam Bankman-Fried, the founder of FTX, pleaded for a presidential forgiveness on the part of Donald Trump. Bankman-Fried was arrested in December 2024 for accusations of fraud and market manipulation linked to his cryptocurrency exchange platform.
Bankman-Fried also said that US justice had been too severe with regard to him and compared his situation to that of Ross Ulbricht. He also said that FTX’s closure was an error and that he wanted to restart the platform.
Bankman-Fried’s request for forgiveness has aroused mixed reactions within the Crypto community. Some believe that he deserves a second chance, while others consider that he must assume the consequences of his actions.