US Crypto Policy Shifts Fuel Global Adoption; Banks Eye Crypto Offerings

Washington D.C. - Recent U.S. policy changes under the Trump administration are accelerating global cryptocurrency adoption. Institutional investors are making long-term commitments, and banks are exploring crypto offerings. The administration's initiatives include creating the Department of Government Efficiency (DOGE) led by Elon Musk, regulatory changes at the SEC, and a $500 billion AI investment initiative. Key appointments include Paul Atkins to the SEC and Scott Bessent as Treasury Secretary. These shifts have prompted market volatility, with new tariffs impacting tech stocks and crypto prices. Banks are responding by increasing stablecoin issuance and tokenized assets. States are also considering Bitcoin and crypto reserves.