Time for the President to put his money where his mouth is
Trump’s Crypto Pivot: From Skeptic to ‘Crypto King’ in 100 Days
In a bombshell interview with Tucker Carlson, the so-called ‘crypto king’ weighed in on the future of digital currencies under President Donald Trump, whose first 100 days back in office have been nothing short of chaotic—and crypto-fueled.
Between renaming the Gulf of Mexico, intensifying his immigration crackdown, and executing mass layoffs through the Department of Government Efficiency, Trump has also been busy pushing his latest economic mission: ‘Make America Crypto Again.’
Once a staunch Bitcoin skeptic, famously calling it a “scam”, Trump has since done a full 180. His crypto awakening wasn’t just talk—he became the first sitting U.S. president to make a purchase using cryptocurrency, ordering a Bitcoin burger in September 2024. Now, with the signing of his latest executive order—“Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile”—Bitcoin and other cryptocurrencies are rallying once again.
With prices climbing and Washington embracing digital assets, the question remains: What’s next for America’s new crypto economy?
Sam Bankman-Fried Weighs in on Trump’s Crypto Push—From Behind Bars
While seized crypto from Silk Road’s Ross Ulbricht is set to fuel Trump’s new Strategic Bitcoin Reserve, the inclusion of billions in confiscated funds doesn’t seem to bother the so-called ‘Crypto King’, Sam Bankman-Fried—even as he watches from his jail cell.
Unlike Ulbricht, who walked free thanks to Trump’s January pardons, Bankman-Fried remains locked up, reportedly rubbing shoulders with P. Diddy behind bars. The disgraced FTX founder, who was arrested in December 2022 for fraud and later sentenced to 25 years in prison, has now forfeited $11 billion—a hefty sum that could soon bolster Trump’s crypto war chest.
Yet, in a recent sit-down with Tucker Carlson, SBF had nothing but praise for Trump’s approach to cryptocurrency regulation. Despite donating a whopping $119 million to political campaigns in 2022, he believes Biden abandoned him because he dared to fund both parties. He also took shots at SEC Chair Gary Gensler, calling his regulatory stance “a nightmare.”
As for Trump’s crypto pivot, Bankman-Fried was surprisingly optimistic:
“There are a lot of good things. There are a lot of things that were very different from the stance that the Biden administration took.”
Still, he acknowledged that bureaucratic red tape could be a major obstacle, noting:
“Changing the guard helps, but financial regulators, they’re big giant bureaucracies in the federal government. They’re not used to changing overnight.”
His glowing review of Trump’s policies seems perfectly timed, considering his parents are actively appealing for a presidential pardon. Whether this truly is the dawn of America’s crypto revolution remains to be seen—but for now, SBF will be watching from behind bars.
