The Tide Is Turning: What to Know about the Trump Administration’s Digital Assets Priorities
Crypto markets remain volatile, as they’re known for, but this time with an added twist. The White House is ready to take a stand on crypto and digital assets, having established the President‘s Working Group on Digital Asset Markets via executive order this past January. The group is chaired by the Special Advisor for AI and Crypto, David Sacks, who has since gotten to work on advancing the administration’s priorities within digital assets, including stablecoin legislation.
Last week, the Administration held its first-ever digital assets summit at the White House. It was well attended by leading voices, business leaders, and experts in digital assets, including Vested’s clients. Shortly before the summit, President Trump signed an Executive Order creating a strategic Bitcoin reserve. According to the executive order, the action is the “Creation and Administration of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile.”
While things are moving quickly, one thing is for certain — the Trump Administration is full steam ahead on digital assets. Here’s what we’re watching for the first half of the year:
Markets Are Moving with the Creation of Digital Asset Reserves
Bitcoin Price Action from March 6th through 12th, 2025 (Source: CoinMarketCap)
Markets are choppy, and Bitcoin specifically remains volatile after coming down from all-time highs in late 2024 and early 2025 and riding out last week’s news cycle. It’s hard to anticipate where markets will go across digital assets, but they’re likely to be impacted by further macro themes and additional initiatives from the White House.
According to the executive order establishing the Strategic Bitcoin Reserve and United States Digital Asset Stockpile, there are a few actions we may expect to see in the next quarter, including:
– The Secretary of the Treasury is slated to establish offices to administer and maintain control of custodial accounts for both the Strategic Bitcoin Reserve and the United States Digital Asset Stockpile.
– The Secretary of the Treasury and the Secretary of Commerce are slated to develop strategies for acquiring additional Government Bitcoin that are budget-neutral and do not impose incremental costs on United States taxpayers.
– The Secretary of the Treasury will need to deliver an evaluation of the legal and investment considerations for establishing and managing the Strategic Bitcoin Reserve and United States Digital Asset Stockpile going forward.
There is room for further initiatives from the Trump Administration as the year progresses, and it’s likely the market will begin to look to US Congress as bills come together on digital assets regulation.
Regulation, Regulation, Regulation!
Earlier this year, Senator Bill Hagerty introduced the Guiding and Establishing National
Innovation for U.S. Stablecoins Act of 2025 (GENIUS Act). It was updated this week in a move that the industry says will split stablecoin regulation between state and federal authorities, while also introducing new enforcement and transparency requirements for issuers.
Keeping up the momentum, this week the House Financial Services Committee, led by Chairman French Hill, held a hearing to explore a federal framework for payment stablecoins, among other digital asset priorities. There is a clear drive from this new administration to get started and work quickly.
Everyone still wonders: What makes a security, and which digital assets count? The SEC and its Crypto Task Force appear ready for clarity and to work directly with the industry. They plan to hold the first in what appears to be a series of Crypto Task Force Roundtables on March 21st.
Markets and industry are watching closely as more pieces of the puzzle begin to fall into place, paving the way for further innovation in the space.
Why Is Everyone Talking About Tokenization?
As the digital assets train is full steam ahead in the US, tokenization has become a top buzzword across financial services globally as digital asset adoption pushes forward.
Put simply, tokenization is a process that converts data or assets into a digital form. It can be used to protect sensitive data, process large amounts of data, or create a digital representation of assets. When referring to tokenization within the scope of digital assets and/or blockchain, those ownership rights of an asset(s) are represented as digital tokens and stored on a blockchain.
As financial institutions and traditional financial brands explore blockchain integration, we’ve seen the emergence of real-world asset (RWA) tokenization. For example asset managers are putting traditional assets like Bitcoin, Gold, money market funds, equities, and more on blockchain. We’re also seeing exploration into the role blockchain plays in the clearing and settlement of trading and payments as the industry looks to become more efficient and cost-effective. These use cases resulted from the beginnings that many dubbed “blockchain rails” leading up to the crypto boom of 2022.
Wall Street is engaging with and watching this movement closely, emphasizing that this confluence of technology and finance is the next wave of innovation.
