{"id":13363,"date":"2026-06-01T01:13:36","date_gmt":"2026-06-01T01:13:36","guid":{"rendered":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/2026\/06\/01\/trump-says-he-saved-crypto-but-did-bitcoin-ethereum-xrp-actually-benefit-yahoo-finance\/"},"modified":"2026-06-01T01:13:36","modified_gmt":"2026-06-01T01:13:36","slug":"trump-says-he-saved-crypto-but-did-bitcoin-ethereum-xrp-actually-benefit-yahoo-finance","status":"publish","type":"post","link":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/2026\/06\/01\/trump-says-he-saved-crypto-but-did-bitcoin-ethereum-xrp-actually-benefit-yahoo-finance\/","title":{"rendered":"Trump Says He &#8216;Saved&#8217; Crypto, But Did Bitcoin, Ethereum, XRP Actually Benefit? &#8211; Yahoo Finance"},"content":{"rendered":"<div>\n<p><i>Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.<\/i><\/p>\n<p>President Trump on Wednesday posted on Truth Social that he saved the American crypto industry from <strong>Gary Gensler\u2019s<\/strong> \u201cAnti-Crypto Army,\u201d declaring America is now the \u201cCrypto Capital of the World.\u201d<\/p>\n<h3 id>What Trump Actually Did For Crypto Since Taking Office <\/h3>\n<p>The policy record backs him up on several fronts.<\/p>\n<p>Trump signed the GENIUS Act in July 2025, creating the first federal stablecoin framework with full dollar backing and annual audits\u2014it passed the Senate 68-30 after Trump personally called holdout senators.<\/p>\n<p>Earlier that same year, he signed an executive order establishing a Strategic Bitcoin Reserve using roughly 200,000 Bitcoin from government seizures worth about $17 billion.<\/p>\n<p><strong>Don&#8217;t Miss:<\/strong><\/p>\n<ul>\n<li>\n<p><a href=\"https:\/\/www.benzinga.com\/money\/discover\/these-5-startup-hires-matter-more-than-you-think-and-most-founders-get-them-wrong-y2?nid=52894723&#038;utm_campaign=partner_feed&#038;utm_content=real_estate&#038;utm_medium=partner_feed&#038;utm_source=yahooFinance\" data-i13n=\"elm:affiliate_link;elmt:premonetized\" rel=\"sponsored\" target=\"_blank\" data-ylk=\"slk:A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge \u2014 and why;elm:affiliate_link;elmt:premonetized;itc:0;sec:content-canvas\" data-yga=\"{\"yLinkElement\":\"affiliate_link\",\"yAffiliateService\":\"premonetized\",\"yModuleName\":\"content-canvas\",\"yLinkText\":\"A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge \u2014 and why\",\"yHasCommerce\":false}\"><strong>A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge \u2014 and why<\/strong><\/a><\/p>\n<\/li>\n<li>\n<p><strong>Still Learning the Market? <\/strong><a href=\"https:\/\/www.benzinga.com\/money\/discover\/think-you-understand-stocks-these-50-key-terms-could-make-or-break-your-first-investments-y2?nid=52894723&#038;utm_campaign=partner_feed&#038;utm_content=real_estate&#038;utm_medium=partner_feed&#038;utm_source=yahooFinance\" data-i13n=\"elm:affiliate_link;elmt:premonetized\" rel=\"sponsored\" target=\"_blank\" data-ylk=\"slk:These 50 Must-Know Terms Can Help You Catch Up Fast;elm:affiliate_link;elmt:premonetized;itc:0;sec:content-canvas\" data-yga=\"{\"yLinkElement\":\"affiliate_link\",\"yAffiliateService\":\"premonetized\",\"yModuleName\":\"content-canvas\",\"yLinkText\":\"These 50 Must-Know Terms Can Help You Catch Up Fast\",\"yHasCommerce\":false}\"><strong>These 50 Must-Know Terms Can Help You Catch Up Fast<\/strong><\/a><\/p>\n<\/li>\n<\/ul>\n<p>Beyond legislation, he appointed pro-industry officials at the SEC and CFTC and is currently pushing the CLARITY Act through Congress before the August recess.<\/p>\n<p>His posts moved markets too.<\/p>\n<p>The March 2025 Strategic Reserve announcement sent <strong>Bitcoin<\/strong> above $90,000 within hours, while <strong>XRP<\/strong>, <strong>Solana<\/strong>, and <strong>Cardano<\/strong> posted double-digit gains the same day.<\/p>\n<p>His November 2024 election victory alone pushed Bitcoin to a then-all-time high of $75,999 as investors priced in four years of lighter regulation.<\/p>\n<p><strong>Trending: <a href=\"https:\/\/www.benzinga.com\/money\/discover\/already-own-safe-stocks-heres-what-you-might-be-missing-in-your-portfolio-y2?nid=52894723&#038;utm_campaign=partner_feed&#038;utm_content=real_estate&#038;utm_medium=partner_feed&#038;utm_source=yahooFinance\" data-i13n=\"elm:affiliate_link;elmt:premonetized\" rel=\"sponsored\" target=\"_blank\" data-ylk=\"slk:Avoid the #1 Investing Mistake: How Your \u2018Safe' Holdings Could Be Costing You Big Time;elm:affiliate_link;elmt:premonetized;itc:0;sec:content-canvas\" data-yga=\"{\"yLinkElement\":\"affiliate_link\",\"yAffiliateService\":\"premonetized\",\"yModuleName\":\"content-canvas\",\"yLinkText\":\"Avoid the #1 Investing Mistake\",\"yHasCommerce\":false}\">Avoid the #1 Investing Mistake: How Your \u2018Safe&#8217; Holdings Could Be Costing You Big Time<\/a><\/strong><\/p>\n<h3 id>What Crypto Markets Actually Did Under Trump <\/h3>\n<p>The reality for most crypto holders has been more complicated. Bitcoin hit $126,000 during this cycle but has since dropped to around $73,000\u2014down roughly 42% from its highs.<\/p>\n<p>The Iran war, trade wars, and the AI capital rotation have all pulled money away from crypto and toward tech stocks.<\/p>\n<p>Altcoins have suffered far worse, with many down 70% to 90% from their peaks despite four years of accumulation by retail investors.<\/p>\n<p>The AI trade has drawn institutional capital away from crypto into <strong>Nvidia Corporation<\/strong> and the broader tech sector, creating a direct competition for risk capital that crypto is currently losing.<\/p>\n<p><strong><em>See Also: <a href=\"https:\/\/www.benzinga.com\/money\/discover\/no-retirement-savings-experts-reveal-5-smart-moves-people-wish-they-knew-sooner-y2?nid=52894723&#038;utm_campaign=partner_feed&#038;utm_content=real_estate&#038;utm_medium=partner_feed&#038;utm_source=yahooFinance\" data-i13n=\"elm:affiliate_link;elmt:premonetized\" rel=\"sponsored\" target=\"_blank\" data-ylk=\"slk:Skip the Regrets: The Essential Retirement Tips Experts Wish Everyone Knew Earlier.;elm:affiliate_link;elmt:premonetized;itc:0;sec:content-canvas\" data-yga=\"{\"yLinkElement\":\"affiliate_link\",\"yAffiliateService\":\"premonetized\",\"yModuleName\":\"content-canvas\",\"yLinkText\":\"Skip the Regrets\",\"yHasCommerce\":false}\">Skip the Regrets: The Essential Retirement Tips Experts Wish Everyone Knew Earlier.<\/a><\/em><\/strong><\/p>\n<h3 id>The Gap Between Policy Wins And Market Reality <\/h3>\n<p>Trump\u2019s pro-crypto policy record is genuine\u2014the GENIUS Act, the Strategic Reserve, and the push for the CLARITY Act are all meaningful legislative milestones.<\/p>\n<p>However, policy wins have repeatedly failed to translate into sustained price recovery when macro headwinds, geopolitical conflicts, and competing investment narratives dominate market sentiment.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. President Trump on Wednesday posted on Truth Social that he saved the American crypto industry from Gary Gensler\u2019s \u201cAnti-Crypto Army,\u201d declaring America is now the \u201cCrypto Capital of the World.\u201d What Trump Actually Did For Crypto Since Taking [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/posts\/13363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/comments?post=13363"}],"version-history":[{"count":0,"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/posts\/13363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/media\/13364"}],"wp:attachment":[{"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/media?parent=13363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/categories?post=13363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wpinitiate.com\/echo-test\/demo973e36f5\/wp-json\/wp\/v2\/tags?post=13363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}