In 2025, the US crypto regulation under the Trump administration shifted towards a pro-innovation, pro-crypto approach.Key developments included new executive orders, disbanding of enforcement teams, and clear, comprehensive legislation.States like Wyoming and Texas passed pro-crypto laws, while others explored blockchain in public services.US repealed outdated Treasury crypto policies, with SEC unveiling a new framework for digital asset securities.Senate Banking Committee announced plans for a comprehensive crypto market bill by August 2025.In terms of taxes, short-term gains in crypto assets held for one year or less are taxed at ordinary income rates.Long-term gains in crypto assets held for more than a year are taxed at lower capital gains rates.Additionally, income from mining, staking, or receiving crypto as payment is taxed as ordinary income.About 28% of American adults owned cryptocurrency in 2025, nearly doubling from 15% in 2021.The US leads global Bitcoin mining, with over one-third of mining power, and the government holds about 198,012 Bitcoins valued at $18.3 billion.