The crypto industry is getting everything it wanted under President Trump. The regulators that crypto firms have blamed for all of their problems have been gutted or made over with friendlier faces who are eager to drop lingering legal challenges.

The prospect of a federal strategic reserve is a major step in President Trump's vision to establish the U.S. as the crypto capital of the world and could be a game changer for the industry.

Cryptocurrency prices jumped after Trump’s surprise announcement he wants the U.S. government to purchase and hold a variety of digital assets in a strategic reserve fund.