Trump administration recently intensifies crypto policy push, midterm election pressure may be the main driving force

Odaily Planet Daily News Last week, the CLARITY Act officially passed a review by the U.S. Senate Banking Committee. Early this week, Trump's digital assets advisor, Patrick Witt, stated that an announcement regarding the U.S. Bitcoin strategic reserve is expected to be released within the coming weeks. Additionally, the U.S. SEC may introduce a "regulatory innovation exemption" for tokenized stocks, and Trump signed a crypto-friendly executive order today. Some analysts believe that Trump's primary motivation may stem from pressure related to the U.S. midterm elections. Historically, the president's party often loses seats in midterm elections, and current forecasts suggest Democrats could retake the House of Representatives, while Republicans might only hold the Senate. Trump needs to leverage these policies to attract younger, tech-savvy, and libertarian voters, linking his agenda to a narrative of "American innovation leadership." The crypto lobbying group Fairshake has become a major financial backer behind Trump, and he also needs to fulfill his pre-office crypto-friendly commitments to secure further donations.