Trump-backed American Bitcoin flips ProCap in corporate BTC treasury race

Former President Donald Trump has expressed openness to reviewing a pardon for the developer of the Samourai Bitcoin app, which has been a focal point in discussions about privacy in cryptocurrency development. This potential pardon could set a significant precedent for future legal actions involving similar cases in the crypto space.

The U.S. Securities and Exchange Commission (SEC) has reportedly eased its enforcement actions against cryptocurrency companies, dropping several cases, including those linked to individuals associated with former President Trump. This shift indicates a significant reduction in regulatory scrutiny within the crypto sector as of 2025.

American Bitcoin, backed by Donald Trump, has increased its Bitcoin holdings to 5,044 BTC, marking a significant growth in its treasury as it continues to accumulate cryptocurrency amidst market fluctuations.

Recent developments indicate that President Trump is narrowing down his candidates for the Federal Reserve Chair position, with Kevin Warsh and Kevin Hassett emerging as frontrunners. This shift has led to increased speculation in the markets, particularly reflected in Polymarket odds, which rose significantly for both candidates. The ongoing discussions around crypto policies are also intertwined with this leadership change at the Fed.

The Financial Stability Oversight Council (FSOC) has officially removed cryptocurrencies from its systemic risk list, a decision influenced by President Trump's pro-crypto executive order, the introduction of the GENIUS Act, and a shift in regulatory stance from the SEC and OCC. This change reflects a growing acceptance of digital assets within the U.S. banking system, particularly with the increasing use of ETFs and stablecoins.