Trump Hints at Major Crypto Law as Bitcoin Holds Near $97K

Ben Graham · January 21

Donald Trump said the US could soon pass broad crypto laws during a speech at the World Economic Forum in Davos. Bitcoin stayed close to $97,000 after his comments, as traders reacted to the idea of clearer rules after years of mixed signals. The timing stands out because Washington has begun focusing more on drafting laws rather than relying on court cases and penalties.

What Trump Meant in Plain English

Trump told other leaders that the US is close to passing one main crypto law that sets clear rules. In everyday terms, that means Congress would decide how crypto works, rather than government agencies figuring it out through lawsuits.

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This builds on earlier steps, such as the GENIUS Act, which set national standards for stablecoins. Stablecoins are digital dollars, such as USDC or USDT, that are designed to stay near one dollar in value. Clear rules make it easier for people to use them for payments without worrying about sudden bans.

Trump’s team also backs efforts like the CLARITY Act, which tries to settle a basic question about crypto. It looks at who should regulate different tokens and whether they are closer to company shares or to assets like gold.

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How This Affects Everyday Users

Rules may sound dull, but they decide what people can actually do. They influence which coins US exchanges are allowed to offer and which apps people can legally use. When rules are unclear, platforms often block features or even entire countries just to stay safe, limiting choice.

Markets usually respond well to certainty. Bitcoin holding above $97,000 came as investors expected the US to take a more organized approach. Large investors tend to wait until rules are written down before committing serious money.

This also helps explain why companies like Coinbase have argued with lawmakers over parts of recent bills. Those disagreements delayed hearings and showed that even crypto-friendly firms care a lot about the fine print.

Who Benefits and Who Feels Pressure

US-based exchanges and projects that follow the rules are likely to benefit first. Clear laws make it easier to plan products and list new tokens without worrying about sudden crackdowns. People who hold crypto long term also face fewer surprise headlines.

Smaller projects based overseas could lose access to US users if they do not follow the new standards. Laws draw boundaries, and some coins will fall outside them. That can hurt in the short term, but it also reduces the number of obvious scams over time.

Stablecoins sit right in the middle of all this. Laws like the GENIUS Act and ongoing discussions on how Senate stablecoin regulations could shape the use of digital dollars in the US financial system.

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A Simple Reality Check

Passing a law does not mean prices will jump overnight. Rules can also slow down new ideas and add extra costs for companies. Some tokens may drop if they cannot meet the requirements.

Crypto still reacts quickly to political news and then cools off. It helps to see policy updates as background information rather than a reason to rush into trades.

If Congress moves ahead, the US will be closer to a crypto market governed by written rules rather than court battles. That kind of environment tends to reward patience and learning rather than quick moves.

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