New Delhi, June 5 -- "I am not a fan of Bitcoin and other cryptocurrencies. Unregulated crypto assets can facilitate unlawful behaviour." That was Donald Trump in 2019, when he still voiced concerns shared by central bankers, International Monetary Fund (IMF) economists and financial crime experts across the world. The consensus was clear: crypto, while technologically innovative, lacked both intrinsic value and sovereign backing, and undermined anti-money laundering regimes as well as monetary integrity.

Fast forward to 2025. Better educated perhaps by the America crypto lobby's campaign cheques and the sweat equity gifted to his family, Trump, now US president again, recently signed Executive Order 14178.

A stroke of the pen dismantle...