In a landmark week for cryptocurrency, President Donald Trump delivered a trifecta of wins that reshaped the regulatory landscape for digital assets in the United States

Since taking office, President Trump signed the first major crypto bill into law, appointed a pro-innovation SEC chair, and reigned in overzealous federal enforcement.

IRS Broker Rule Overturned
Trump signed into law a bill repealing the IRS’s controversial broker rule, which would have required decentralized finance (DeFi) platforms to report user data like traditional financial institutions. 

Advocates warned the rule would cripple innovation. With pressure from grassroots organizations like Stand With Crypto, Congress reversed the mandate—and Trump made it official, marking the first time a U.S. president has enacted major pro-crypto legislation.

 Paul Atkins Confirmed as SEC Chair
The Senate confirmed Paul Atkins, a longtime supporter of market-driven innovation, as the new chair of the Securities and Exchange Commission in a 52–44 vote. 

Atkins, who previously served as an SEC commissioner, is expected to shift the agency toward lighter-touch regulation and clearer rules, reversing years of adversarial policies that many say stifled crypto development.

DOJ Ends Broad Crypto Crackdowns
The Department of Justice announced it is dissolving its National Cryptocurrency Enforcement Team, which had broadly pursued crypto-related cases. 

The DOJ will now concentrate enforcement on serious criminal activity involving digital assets, such as terrorism financing and drug trafficking. The shift signals a more strategic and less punitive approach to regulation.

For crypto investors and advocates, these changes represent a turning point.

“For the first time in years, crypto isn’t just fighting to survive — it’s being welcomed at the highest levels of government,” the report states. “With strong allies now in place, the U.S. is signaling that it wants to lead the world in the next financial revolution.”

Trump, once a skeptic of cryptocurrency, has pivoted sharply during his second term. While he previously criticized Bitcoin as a scam, his administration’s recent actions reflect a commitment to fulfilling 2024 campaign promises of supporting innovation and providing regulatory clarity for the industry.