Donald Trump’s turnaround on cryptocurrencies

Article “Cryptomonnaies : Trump joue avec le feu” (“Cryptomonnaies : Trump plays with fire”), published by Alternatives Économiques on April 1, 2025.

In January 2025, the President of the United States signed an executive order favoring the cryptocurrency industry; on March 6, he issued another executive order to establish a strategic bitcoin reserve in the United States, a posture at odds with his first term in office. Professor Yamina Tadjeddine comments on this about-turn for Alternatives Économiques.

Extract: « Le revirement de Donald Trump sur les cryptomonnaies s’est fait par le rapprochement de ses liens avec des ultra-libertariens de la Silicon Valley, tels que Peter Thiel et David Sacks, co-fondateurs de Paypal, et Elon Musk, dont les idéologies sont proches de l’extrême droite », relève Yamina Tadjeddine, professeur de sciences économiques à l’Université de Lorraine.

(“Donald Trump’s turnaround on crypto-currencies has been brought about by his links with Silicon Valley ultra-libertarians such as Peter Thiel and David Sacks, co-founders of Paypal, and Elon Musk, whose ideologies are close to the far right”, notes Yamina Tadjeddine, professor of economics at the University of Lorraine.)