The return of US President Donald Trump has come with some concern, but according to one White House official, his administration is set to usher in a new crypto ‘golden age.’ Indeed, Trump’s executive director of digital assets, Bo Hines, recently discussed the impact that his presence will have on cryptocurrency development in the country.
In a post to X (formerly Twitter), Hines called Trump the “true crypto President.” He noted that his stance on the emerging asset class will propel growth. Moreover, he said this effort will help crypto companies that “were victims of a weaponized justice system under the Biden regulatory regime.”
Digital asset firms were victims of a weaponized justice system under the Biden regulatory regime.
President Trump is the true crypto President — under his leadership, we’ll usher in a golden age for digital assets and emerging financial technologies. https://t.co/S2psXuhK5d— Bo Hines (@BoHines) April 9, 2025
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White House Official Says Trump Administration Will Bring New Golden Age for Crypto in US
It has certainly been a volatile start to US President Donald Trump’s second term thus far. Just three months into the year, the returning administration has sought to balance trade with the presence of new Liberation Day tariffs. Subsequently, the move greatly affected the US stock market, with a monumental crash and recession fears abounding the economic outlook.
However, the administration is still hopeful that the short-term struggle will benefit the country in the long term. Moreover, it is optimistic about one key industry that could surge over the next four years. Indeed, US President Trump is poised to usher in a crypto ‘golden age,’ according to White House official Bo Hines.
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Speaking to Fox News, the top cryptocurrency policy official for the administration discussed the industry’s potential. “The president has made this a priority, and it is a testament to his leadership and his knowledge of the space,” Hines said.
“Unlike any president before him, he has truly embraced this technological development in a way that no one else has, which has allowed us to do what we need to do to make the United States the crypto capital of the world,” he added.
Hines also notes that the administration is “clearing the deck” of Biden-era policies. Indeed, the previous president had a well-established opposition to the industry. Yet, things have already changed drastically in the early months of Trump’s return. Things should continue, with Standard Chartered saying Bitcoin has $500,000 upside under Trump.