Recent uncertainty over changes in U.S. tariff policy are currently weighing on the value of the U.S. Dollar relative to other major currencies. The so-called “Trump tariffs” have also raised concerns that, long-term, these tariffs could threaten the U.S. Dollar’s reserve currency status.
Yet while President Trump’s tariff policy changes are a possible long-term negative for the U.S. Dollar and its dominance, this could be countered by ongoing changes to U.S. cryptocurrency policy and legislation.
At least, per the President’s own statements on his efforts to support the growth of the crypto industry, made weeks prior to last month’s “Liberation Day” tariff hike announcement. Although there’s been little out of the White House regarding crypto since talk about tariffs took center stage, another wave of change for the crypto space may be just around the corner.
That’s the view of Binance CEO Richard Teng, who recently spoke on the matter, and its potential impact on the industry. Namely, the next wave of proposed legislation could help accelerate institutional adoption of Bitcoin and other cryptocurrency assets, which may in turn have a positive impact on prices.
Teng’s Recent Remarks Give Credence to Optimistic View
Trump may not have been vague on the topic of new cryptocurrency-related policy changes and legislation pushed by his administration, but the above-mentioned conversation on this matter by Teng may give credence to an optimistic view on the further institutional adoption of Bitcoin and other cryptos.
While attending the Token2049 conference late last month, Teng was interviewed by UAE-based publication The National. In the interview, the Binance CEO discussed how he has recently met with U.S. regulators and other key government officials. Following these meetings Teng explains his outlook and timeline, “The new efforts and optimism is very real in the US. So, I believe the US is going to come out with very enlightened, pro-industry and smart regulations that support the industry but also manages the risk at the same time. So you’re probably going to see some of the new legislation coming through by August this year.
Prior pro-growth regulatory changes, such as the approval of spot Bitcoin exchange-traded funds (ETFs), have led to an embracing of crypto by major financial institutions like BlackRock. With this, Teng believes that subsequent clear-cut regulatory implementations will result in a further wave of institutional adoption.
In turn, the positive impact of investors ranging from family offices to leading banks “trying to get active into the space” could serve as a long-term positive that will counter the short-term fear and uncertainty currently weighing on the space.
Pro-Crypto Agenda Still Top of Mind for The Trump Administration
Again, tariffs may be at the top of the Trump administration’s currency agenda, but it’s not as if crypto has fully fallen onto the back burner. Based on the President’s March statements on the topic of cryptocurrency regulatory changes, it’s clear that a pro-crypto agenda remains top of mind among Trump and his administration.
Via a pre-recorded video played at the Digital Asset Summit 2025 in New York on March 20, Trump shared his vision for America’s role in cultivating the further growth of crypto and the blockchain economy. Speaking glowingly of crypto industry leaders, the President stated that the industry stood to “improve our banking and payment system.”
In turn, this would “promote greater privacy, safety, security, and wealth” for all Americans, leading to “an explosion of economic growth.” Trump also touched on stablecoins, specifically how stablecoins pegged to the U.S. Dollar could help “expand the dominance” of the world’s primary reserve currency.
Touting his own efforts to make this vision a reality, the president noted how his administration has ended the “last administration’s regulatory war on crypto and Bitcoin,” pointing out the series of pro-growth policy changes his administration has implemented since January. While Trump did not provide much detail about upcoming changes in U.S. cryptocurrency legislation and policy in his speech, such sweeping change remains on the horizon.
The Bottom Line
When it comes to Trump’s March statements on America’s role in the future of crypto, it may be best to take some portions of it with a grain of salt, but other portions at face value. Only time will tell whether stablecoins could serve as a positive for the U.S. Dollar dominance, especially as tariff changes, if kept in place, accelerate a shift from American hegemony, to a more multipolar world.
However, taking into account Richard Teng’s recent remarks, the Trump administration is set to unleash another game-changer for crypto later this year, as pro-growth regulatory changes spur another major influx of institutional capital into Bitcoin and other cryptocurrency assets.
Recent uncertainty over changes in U.S. tariff policy are currently weighing on the value of the U.S. Dollar relative to other major currencies. The so-called “Trump tariffs” have also raised concerns that, long-term, these tariffs could threaten the U.S. Dollar’s reserve currency status.
Yet while President Trump’s tariff policy changes are a possible long-term negative for the U.S. Dollar and its dominance, this could be countered by ongoing changes to U.S. cryptocurrency policy and legislation.
At least, per the President’s own statements on his efforts to support the growth of the crypto industry, made weeks prior to last month’s “Liberation Day” tariff hike announcement. Although there’s been little out of the White House regarding crypto since talk about tariffs took center stage, another wave of change for the crypto space may be just around the corner.
That’s the view of Binance CEO Richard Teng, who recently spoke on the matter, and its potential impact on the industry. Namely, the next wave of proposed legislation could help accelerate institutional adoption of Bitcoin and other cryptocurrency assets, which may in turn have a positive impact on prices.
Teng’s Recent Remarks Give Credence to Optimistic View
Trump may not have been vague on the topic of new cryptocurrency-related policy changes and legislation pushed by his administration, but the above-mentioned conversation on this matter by Teng may give credence to an optimistic view on the further institutional adoption of Bitcoin and other cryptos.
While attending the Token2049 conference late last month, Teng was interviewed by UAE-based publication The National. In the interview, the Binance CEO discussed how he has recently met with U.S. regulators and other key government officials. Following these meetings Teng explains his outlook and timeline, “The new efforts and optimism is very real in the US. So, I believe the US is going to come out with very enlightened, pro-industry and smart regulations that support the industry but also manages the risk at the same time. So you’re probably going to see some of the new legislation coming through by August this year.
Prior pro-growth regulatory changes, such as the approval of spot Bitcoin exchange-traded funds (ETFs), have led to an embracing of crypto by major financial institutions like BlackRock. With this, Teng believes that subsequent clear-cut regulatory implementations will result in a further wave of institutional adoption.
In turn, the positive impact of investors ranging from family offices to leading banks “trying to get active into the space” could serve as a long-term positive that will counter the short-term fear and uncertainty currently weighing on the space.
Pro-Crypto Agenda Still Top of Mind for The Trump Administration
Again, tariffs may be at the top of the Trump administration’s currency agenda, but it’s not as if crypto has fully fallen onto the back burner. Based on the President’s March statements on the topic of cryptocurrency regulatory changes, it’s clear that a pro-crypto agenda remains top of mind among Trump and his administration.
Via a pre-recorded video played at the Digital Asset Summit 2025 in New York on March 20, Trump shared his vision for America’s role in cultivating the further growth of crypto and the blockchain economy. Speaking glowingly of crypto industry leaders, the President stated that the industry stood to “improve our banking and payment system.”
In turn, this would “promote greater privacy, safety, security, and wealth” for all Americans, leading to “an explosion of economic growth.” Trump also touched on stablecoins, specifically how stablecoins pegged to the U.S. Dollar could help “expand the dominance” of the world’s primary reserve currency.
Touting his own efforts to make this vision a reality, the president noted how his administration has ended the “last administration’s regulatory war on crypto and Bitcoin,” pointing out the series of pro-growth policy changes his administration has implemented since January. While Trump did not provide much detail about upcoming changes in U.S. cryptocurrency legislation and policy in his speech, such sweeping change remains on the horizon.
The Bottom Line
When it comes to Trump’s March statements on America’s role in the future of crypto, it may be best to take some portions of it with a grain of salt, but other portions at face value. Only time will tell whether stablecoins could serve as a positive for the U.S. Dollar dominance, especially as tariff changes, if kept in place, accelerate a shift from American hegemony, to a more multipolar world.
However, taking into account Richard Teng’s recent remarks, the Trump administration is set to unleash another game-changer for crypto later this year, as pro-growth regulatory changes spur another major influx of institutional capital into Bitcoin and other cryptocurrency assets.
