Has Trump Assembled The Crypto Avengers?

On January 20, 2025, the near-tyrannical rule of SEC chair Gary Gensler is finally coming to an end. Gensler, along with fellow cronies Elizabeth Warren and Nancy Pelosi, unleashed a crusade on the crypto industry in the United States. 

Since 2021, the SEC’s legal actions have cost crypto firms an estimated $426 million in litigation, according to the Blockchain Association. Crypto companies sued the SEC nearly 18 times during Gensler's tenure, citing frustration over the lack of clear policies for digital assets.

Trump’s election this year has long been seen as the potential turning point of crypto regulation in the US. They key part of his plan? The supposed “Crypto Avengers” that his administration has supposedly assembled to usher in the golden era of crypto.

Let’s take a look at some of the main personnel.

Paul Atkins - The New SEC Chief

The new SEC Chief is known for his focus on balancing regulatory innovation with investor protection. After his first term at the SEC in 2008, he founded Patomak Global Partners, a consultancy that advises financial clients, including crypto companies.

He has been outspoken about the need for clear crypto regulations, calling the current lack of standards a "fundamental issue." A strong advocate for blockchain technology, he supports integrating digital assets into mainstream financial systems. 

David Sacks - The Crypto Czar

David Sacks has been chosen to lead U.S. policy on AI and cryptocurrency. A well-known venture capitalist and member of the "PayPal Mafia," Sacks is recognized for his tech-friendly outlook and opposition to heavy government regulation. He is the founder of Craft Ventures, a firm investing in both AI and crypto.

Although his direct involvement in these fields has been limited, his backing of startups like Elon Musk's xAI and investments in BitGo and Multicoin Capital reflect his belief in their potential. Sacks is a strong advocate for innovation, often emphasizing the need to support crypto entrepreneurs and protect emerging technologies from overregulation.

Elon Musk & Vivek Ramaswamy - D.O.G.E.

Elon Musk and Vivek Ramaswamy are set to lead the newly established Department of Government Efficiency (DOGE). Musk, a household name, and Ramaswamy, a biotech entrepreneur and former presidential candidate, bring unique perspectives to the role. 

DOGE will focus on identifying federal regulations that exceed congressional authority, downsizing the workforce by relocating agencies and enforcing in-office work, and reducing federal spending by cutting unauthorized programs and addressing inefficiencies.

Now, you might be wondering that none of this has anything to do with crypto - and you’d be correct. However, the fact that an official US government department is named after a memecoin is pretty interesting, to say the least. Plus, both Musk and Ramaswamy have been vocal proponents of crypto and Bitcoin.

Robert F. Kennedy Jr - Health Secretary

The son of Robert F. Kennedy and nephew of President John F. Kennedy, RKF Jr has made a name for himself as an advocate for healthy and clean living. A Harvard graduate with a Master’s Degree in Environmental Law from Pace University, Kennedy served on Pace’s faculty for over three decades and cofounded its Environmental Litigation Clinic. 

Over his career, Kennedy has won numerous legal battles, including landmark cases against Monsanto and DuPont, and has represented Indigenous groups asserting legal and treaty rights. TIME Magazine recognized him as a “Hero for the Planet” for his environmental efforts, including restoring the Hudson River and negotiating the New York City watershed agreement. RFK Jr also established Children’s Health Defense to address childhood chronic diseases and toxic exposures. 

In the Trump administration, RFK Jr will be serving as the health secretary. He is also a major crypto supporter, openly admitting that he holds Bitcoins.

Has Trump Assembled The Crypto Avengers?

Over the next couple of years, we will likely see a degree of positive crypto regulation that we have never seen before. Crypto has literally never existed without the overhang of uncertainty or hostility from US regulators.  However, one can’t help but think that this is a watershed moment in crypto. 

While it may seem like Trump has assembled the crypto avengers, caution must be exercised.

Why? Let’s rewind a bit.

The date is April 17, 2021, and Gary Gensler is about to take office. Believe it or not, there was a lot of optimism surrounding this appointment.

Gensler had previously given multiple lectures on Bitcoin, and had painted himself as a crypto-supporter. We all know how that turned out in the long run.

Now, we’re not saying this new appointment will follow the same path. The current administration is far more crypto-friendly, with both the president and vice-president openly supporting and even holding crypto. 

Still, it’s wise to stay cautiously optimistic and not dive in without doing your homework.

That’s where groups like The Coiners come in. Instead of risking your hard-earned money on the latest “hot” token without proper research, our experts and mentors do the hard work for you. They dig into the details, share their insights, and guide you with informed calls. 

The best part? It’s completely free. So why not give it a shot?