Wall Street is rolling out the red carpet for crypto — but Bitcoiners are rolling their eyes. Just days into his presidency, Trump’s sweeping executive order promises to reshape US crypto policy with a clear regulatory framework. But as jet-setting CEOs signal their readiness, a significant portion feels sidelined by the administration’s focus.

• Legacy titans like Morgan StanleyMS
  , Bank of AmericaBAC
  , and Goldman SachsGS
  have sights set on Trump’s dramatic reversal of SAB 121 rules — providing an institution-friendly pathway to custody crypto on behalf of clients.
• Meanwhile, Bitcoin maximalists are bristling at the administration’s extended “Bitcoin stockpile” vision, which speculators believe could extend to ETH, SOL, XRP, and beyond — prompting backlash over what should grace America’s balance sheet.

Crypto crossroads: As the saga pans out, Trump’s task force promises to craft clear rules under “Crypto Mom” Hester Peirce’s leadership, but the real test lies in balancing Wall Street’s centralized appetite with crypto’s founding principles. As Bitcoin trades over $100K and banks eye custody services, the administration’s broad “digital asset” vision suggests America’s crypto future may look more institutional than decentralized.