Trump Freed Crypto — But Privacy Coins Are Still Under Attack

[Alpen]

Donald Trump is widely regarded as the first 'crypto president', having dedicated himself to making cryptocurrency accessible in the United States and around the world. He succeeded in bringing high-profile investigations against crypto industry leaders to a close, and granted pardons to Ross Ulbricht and Changpeng Zhao.

However, anonymous coins have not been spared — quite the opposite, in fact. New laws being considered and passed by Congress could ultimately ban private coins. David Sacks, the Trump administration's crypto czar, is promoting such a ban.

U.S. crypto exchanges are taking pre-emptive action. In March 2025, Kraken suspended XMR trading for EEA clients. Binance delisted the coin earlier that same year. In April 2025, Poloniex delisted Monero globally. Zcash can still be purchased in the US on Coinbase, Robinhood and Phemex.

The overall trend for anonymous coins is negative. By 2025, 73 exchanges worldwide had delisted at least one privacy coin — up from 51 in 2023.

Crypto gateways provide stable support for anonymous coins. Customers can legally purchase them through Cryptomus, NOWPayments, CoinPayments and CoinRemitter. This opens up the possibility of ZCash and Monero being adopted for corporate and retail payments. Grayscale’s conversion of the ZCash Trust into a spot ZEC ETF could spark institutional interest.

[Charles-Tim]

However, anonymous coins have not been spared — quite the opposite, in fact. New laws being considered and passed by Congress could ultimately ban private coins. David Sacks, the Trump administration's crypto czar, is promoting such a ban.

It is not new at all. They ban privacy coins, but the privacy coins are getting to all-time high. If the United States ban privacy coins, that does not mean they will not get to all-time high in the next bull market.

Also that does not mean people that are using them for privacy purposes will not be able to use them. There are many exchanges that delisted them few years ago, so there is no problem because they still have their value.

[Hatchy]

Crypto gateways provide stable support for anonymous coins. Customers can legally purchase them through Cryptomus, NOWPayments, CoinPayments and CoinRemitter. This opens up the possibility of ZCash and Monero being adopted for corporate and retail payments. Grayscale’s conversion of the ZCash Trust into a spot ZEC ETF could spark institutional interest.

This shouldn't even be something surprising. They have long tried to sensor all Privacy enhancing asset. Monero had already started being delisted from many centralized exchanges some years back, only a few and not well known exchanges still offers them. The question we should ask our self now is that, is having a little bit more privacy too much to ask? Or does the government just want to monitor all our activities so they know our next moves before we make them? If bitcoin offer a complete privacy feature like cash or xmr, I'm very sure it would have been facing similar issues like the rest. And least I forget, trump's agenda towards crypto is just for his own gains, not like he actually likes cryptocurrency to some extent he knew what the people would want and used it to his own advantage..

[ultrloa]

However, anonymous coins have not been spared — quite the opposite, in fact. New laws being considered and passed by Congress could ultimately ban private coins. David Sacks, the Trump administration's crypto czar, is promoting such a ban.

It is not new at all. They ban privacy coins, but the privacy coins are getting to all-time high. If the United States ban privacy coins, that does not mean they will not get to all-time high in the next bull market.

Also that does not mean people that are using them for privacy purposes will not be able to use them. There are many exchanges that delisted them few years ago, so there is no problem because they still have their value.

For many times government attack those privacy coins and they try to limit its exposure to people.

They made several actions like urging those big exchange to delist those coins, but government didn't succeed since despite of those attack they made. Privacy coins still got lots of demand and this is the reason why it still reach its new all time high.

People don't have problem even if they can only buy them on small exchange, as long as they can continue to use those privacy coin for personal matters.

[sergiorus]

"Freed Crypto"?
Is that what we call extracting billions of dollars via his memecoins draining the market's liquidity and scaring investors away?
For almost everyone I know his presidency has been a portfolio death spiral.

[batang_bitcoin]

While it is becoming long term, I am starting to see that he's not so dedicated in it. As we can see, there's other focus in the matters that he has to attest and that's why to say that he's dedicated enough, I can give him props for what he has started but not too dedicated alone. And for the privacy coins, I think that we'll get to see more stoppage from the government themselves because they believe that it's a type of crypto where money laundering, terrorist funding is happening. If ever people get into privacy coins, it's all driven by its community who truly believes in its purposes.

[Alpen]

"Freed Crypto"?
Is that what we call extracting billions of dollars via his memecoins draining the market's liquidity and scaring investors away?
For almost everyone I know his presidency has been a portfolio death spiral.

But you do know that crypto firms bankrolled Trump's victory, right? More than that, they're still bribing him to this day—through participation and support for his family's crypto projects, buying tokens and memecoins tied to Trump. Even now, crypto money is being spent to back Republicans

[TastyChillySauce00]

Not surprising at all, governments have always been at odds with true privacy coin.
The reason ZEC can get its ETF and rarely got delisted is because ZEC itself is an opt-in privacy and many people used t-addresses.

XMR on the other hand, will always be on the verge of delisting because government push.