Trump Hints Cryptocurrency May Potentially Address the $35 Trillion U.S. Debt Issue

A Bold Claim Amidst a Market Rebound

As the cryptocurrency market shows signs of a healthy rebound, with Bitcoin (BTC) climbing to $115,544.50 and Ethereum (ETH) reaching $4,232.01, a startling proposition has emerged from a familiar political figure. Former President Donald Trump has suggested that cryptocurrency could be a potential solution to the staggering $35 trillion national debt faced by the United States. This comment, made during a private event, has ignited fresh debate on the role of digital assets in the future of national economies.

In a leaked video, Trump was heard musing about a simple yet radical fix: “I would write on a small note: $35 trillion in cryptocurrency, we have no debt, this is what I like to do.” While the feasibility of such a plan is highly debatable, it underscores a significant shift in his public stance. Having previously called Bitcoin a scam, Trump now touts its potential to “save America,” signaling a major political pivot towards the digital asset space.

The Political Chessboard: Pardons, Nominations, and Legislative Hurdles

Trump’s pro-crypto rhetoric is being backed by strategic actions that could reshape the regulatory landscape. His administration recently made two significant moves:

• Pardon of Changpeng ‘CZ’ Zhao: The founder of Binance, the world’s largest crypto exchange, received a presidential pardon. This has paved the way for Binance to potentially integrate its U.S. operations more closely with its global platform, a move that could grant American investors direct access to deeper liquidity and a wider range of services. However, the pardon has also drawn criticism, with some lawmakers citing it as a reason for further legislative caution.
• CFTC Chairman Nomination: Trump has nominated Michael Selig, the Chief Legal Counsel of the SEC’s Crypto Task Force, to chair the Commodity Futures Trading Commission (CFTC). Selig’s experience at the intersection of traditional finance and crypto suggests a move towards creating a more cohesive regulatory framework between the SEC and CFTC.

Despite these developments, the path for comprehensive crypto legislation remains fraught with challenges. A bipartisan crypto bill is facing new obstacles in the Senate, as recent high-profile cases of crypto-related crime and the political controversy surrounding the CZ pardon have provided fresh ammunition for skeptics.

Wall Street’s Growing Conviction in Crypto

While Washington D.C. navigates the political minefield, Wall Street is moving forward with conviction. Banking giant JPMorgan, whose CEO Jamie Dimon once famously dismissed Bitcoin as a “fraud,” is now making significant strides in integrating digital assets.

In a landmark move, JPMorgan plans to allow institutional clients to use Bitcoin and Ethereum as collateral for loans by the end of the year. This decision places leading cryptocurrencies alongside traditional assets like stocks and bonds, marking a crucial step in their legitimization within the legacy financial system.

Furthermore, JPMorgan analysts are bullish on the ecosystem’s growth, projecting that a potential token launch for Coinbase’s Layer 2 network, Base, could unlock up to $34 billion in value. This deep engagement from a financial titan signals that institutional interest is no longer on the fringes but at the core of future growth strategies.

Stablecoins: The Engine of Mainstream Adoption

Beyond investment and collateral, the practical utility of blockchain is gaining momentum, particularly through stablecoins. Major payment networks are now exploring this technology to revolutionize how money moves across borders.

• Zelle’s Global Ambitions: The popular U.S. payment network Zelle, which processed nearly $1 trillion in transfers last year, is considering leveraging stablecoin technology to expand its services internationally.
• Western Union’s Modernization: Financial services veteran Western Union is also piloting a stablecoin-based settlement system. The goal is to reduce reliance on traditional banking infrastructure, speed up settlement times, and improve capital efficiency for its 150 million customers worldwide.

Market Pulse: Whales Accumulate as Bull Run Continues

From a market analysis perspective, the current bull cycle appears to be in its later stages but not yet over. According to insights from CryptoQuant, large-scale investors, or “whales,” continue to be a dominant force.

Whale addresses (holding 100 to 1,000 BTC) now control 26% of Bitcoin’s circulating supply and have added approximately 681,000 BTC in 2025 alone. This trend suggests that institutional players are absorbing selling pressure from retail investors, indicating strong long-term demand. However, short-term momentum has shown signs of weakness. For the bull run to continue its upward trajectory towards new highs, this accumulation rate needs to pick up pace. Currently, Bitcoin faces resistance at $115,000, with a critical support level at $100,000.

The Broader Crypto Landscape

The industry continues to evolve rapidly on multiple fronts:

• Global Regulation: Ghana is set to introduce comprehensive cryptocurrency regulations by the end of the year to cater to its growing user base of nearly 3 million people.
• Corporate Moves: In Asia, Ant Group has filed for Web3-related trademarks like “ANTCOIN” in Hong Kong, hinting at future expansion into the digital asset space.
• Bitcoin Development: A technical proposal known as BIP-444 is sparking debate among Bitcoin developers. It aims to curb blockchain “spam” through a temporary soft fork but has raised concerns about censorship and the network’s permissionless ethos.

From presidential proclamations about national debt to Wall Street’s integration and the quiet revolution in global payments, the cryptocurrency landscape is more dynamic than ever. While the path ahead is filled with both political intrigue and technical debates, the underlying trend points towards deeper integration and wider acceptance of digital assets in the global financial system.