In the United States, March 2025 marked a significant shift in the digital asset landscape. President Donald Trump signed an executive order establishing the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile. This initiative aims to position the U.S. as a global leader in digital assets.
As of March 2025, the U.S. holds approximately 200,000 BTC, making it the largest state holder of Bitcoin worldwide. On June 18, 2025, the Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) with a bipartisan vote of 68-30.
In April 2025, Paul S. Atkins was appointed as the SEC Chair, succeeding Gary Gensler. Under Atkins' leadership, the SEC has taken a more crypto-friendly approach, including filing to dismiss its lawsuit against Coinbase and requesting a 60-day pause in its lawsuit against Binance.