America’s crypto policy today is not just regulation; it is a calculated geopolitical strategy designed to protect and extend U.S. dominance in the digital financial era. When cryptocurrency began, its biggest promise was decentralisation — a world where no single authority controlled the system. But the harsh reality is that the only country aggressively racing to control this decentralised ecosystem is the United States. And the agenda behind this race is brutally simple: even in a digital future, the U.S. Dollar must remain the world’s unquestioned king. Just as the paper dollar made America a superpower, the digital dollar is being positioned as the next instrument of global influence. That is why the U.S. is openly pushing USD-backed stablecoins. The thinking is straightforward — Bitcoin may rise or fall, technology may evolve, markets may turn volatile, but the supremacy of the dollar must stay untouched.
Wall Street is the biggest beneficiary of this strategic shift. Giants like JP Morgan, BlackRock and Mastercard were quietly waiting for regulatory clarity. The moment that “green light” came, the floodgates opened. Bitcoin ETFs became the launchpad for billions in institutional capital, setting the stage for a new crypto bull run. For the first time, crypto is merging directly into the traditional financial infrastructure — meaning the dream of decentralisation is now being reshaped by traditional power players who have always dominated global markets.
The U.S. has introduced several game-changing crypto bills in 2025 that reveal its true intention: not regulation, but control. The GENIUS Act establishes the first federal framework for stablecoins, anchoring them tightly to the USD and strengthening digital-dollar dominance. The CLARITY Act classifies crypto as a commodity and shifts major control to the CFTC. The BITCOIN Act recognises Bitcoin as a Digital Commodity, giving strong support to mining and Bitcoin ETFs. The Market Structure Draft (Nov 2025) proposes a dedicated Crypto Market Authority, ending the long SEC vs CFTC conflict. The memo behind all these policies is clear — the U.S. won’t fight crypto anymore; it will dominate it.
Behind the regulatory noise lies the real geopolitical blueprint. By classifying crypto as a commodity, Wall Street gains direct leverage over the market. By backing USD-stablecoins, America ensures global finance remains dependent on the dollar, even in the digital era. Crypto-based payment networks could evolve into a new global SWIFT, preserving America’s sanction power. And through Bitcoin ETFs, America gains indirect control over mining, liquidity, and institutional flow — turning decentralised assets into tools of centralised influence.
The ripple effect on India and the rest of the world will be significant. India stands to gain through increased investment in Web3, Blockchain, and Fintech, since institutional trust in crypto is now at its highest. Cross-border trade could become faster and cheaper. But the risks are equally serious — deeper dependence on USD, pressure on monetary sovereignty, and uncertainty due to RBI’s incomplete regulatory framework. With over 107 million crypto users, India is one of the largest markets, making U.S. policy shifts highly consequential.
The bottom line is simple: the promise of crypto was decentralisation, but America’s goal is digital-dollar supremacy. And in global power dynamics, what wins is not innovation — but the one who controls the flow of money. The U.S. message to the world is unmistakable: free markets may grow, crypto may flourish, but the currency in command will still be ours.
Secretary — InGlobal Business Foundation (IBF)
Director — ReNis Agro International LLP, Ahmedabad, India
Subscribe Deshwale on YouTube
