U.S. presidential candidate Donald Trump hasn't committed to crypto-friendly regulations, but has vowed to hold off on enforcement actions against digital currencies.

In a CNBC interview on March 11, Trump suggested that his administration wouldn't pursue legal or regulatory crackdowns on cryptocurrencies like Bitcoin if re-elected. While Trump has consistently emphasized the importance of the U.S. dollar, he acknowledged the growing adoption of crypto both domestically and internationally, indicating hesitancy towards aggressive measures against this emerging technology.

Despite his skepticism towards central bank digital currencies (CBDCs) and concerns about government control over money, Trump's stance on crypto has evolved, particularly with the inclusion of a pro-crypto advisor in his team. Although Trump doesn't hold Bitcoin, he does possess over $3 million worth of other blockchain-based digital currencies, primarily Ethereum, largely due to involvement in NFT projects and accepting crypto payments for merchandise.

U.S. Representative Tom Emmer and former Coinbase legal officer Brian Brooks suggest that a second Trump presidency could offer a favorable regulatory environment for the cryptocurrency sector.