Donald Trump, who once called Bitcoin a “scam,” says Crypto is the “solution”

President Donald Trump made the call once, in a spectacular turnaround Bitcoin “Scam” He still offers one of his most direct supporters of cryptocurrency. He now calls the traditional financial system “broken” and claims it. Digital assets provide a “solution.”

This dramatic change in mind coincides with the gusts of facilitating policy action about his personal holdings and legislative debates that can redefine the role of crypto in the US economy.

It’s coming to this. Even with the threat of lawsuits from the president, Federal Reserve Chairman Powell holds an economy-related company. This is our analysis.

Back up words with actions

On August 7th, the president signed an executive order that backs up the rhetoric of the new cryptocurrency and allows for a 401(k) retirement account that allows for investments in cryptocurrency and private equity along with traditional assets. This policy reflects a deliberate shift towards broadening the scope of retirement plans and integrating alternative investments into mainstream portfolios.

Advocates view the move as a way to modernize savings options, with critics pointing to the potential risk of exposing retirement funds to unstable markets. The decision follows previous White House efforts to match regulatory frameworks to increase the presence of digital assets in global finance.

Deeperful appearance. The order of 401(k) was huge. Here is our full detailed report on that, and the accompanying “off” order:

Is the reason for the heart change $11.6 billion?

This policy shift shines light on $11.6 billion reasons for a change in the president’s mind as a new report from Accountable.us. This is because the report estimates that around $11.6 billion, a total of $15.9 billion, currently holds cryptocurrency.

At the same time, World Liberty Financial, a venture with ties to the Trump family, is establishing a $1.5 billion cryptocurrency department through a deal with Alt5 Sigma Corporation. This positions family businesses as key participants in the digital assets sector, directly affecting both market perception and policy direction.

Legislative battle in parliament

The White House is now showing a clear procryptic stance, but Congress remains divided. The Bipartisan Responsible Financial Innovation Act of 2025 aims to formalize crypto surveillance. But while some Democrats argue that the bill could undermine the SEC’s powers, Sen. Elizabeth Warren has introduced her own framework for much more stringent regulatory control.

This convergence of presidential pivots, personal financial interests and public policy shows a critical moment. For the first time, the White House is presenting cryptocurrency not only as a new technology, but as a central pillar of its economic vision.