White House’s “End of Crypto War” Speech Rejected as Market Bleeds

In Brief

• Key Takeaways:

The White House today announced that president Donald Trump has “officially ended the war on crypto.” However, the crypto community doesn’t find the statement appealing because of the bleeding market.

The White House has stated that president Donald Trump has ended the war on cryptocurrency.
Rather than bring excitement, the statement has brought resentment as the crypto market has been bleeding.
Hopefully, the reassurance will initiate a recovery for bitcoin and the rest of the market soon despite the current negative sentiment.

White House press secretary Karoline Leavitt while taking questions from journalists said Trump has “officially ended the war on crypto” that was started by the Biden administration.

This would have been an exciting statement under a different set of circumstances but at this moment, crypto fans are not impressed.

JUST IN: 🇺🇸 White House says President Trump has "officially ended the Biden administration's war on the cryptocurrency industry." pic.twitter.com/UtWlmaw7NC

— Watcher.Guru (@WatcherGuru) November 4, 2025

Bleeding Market Fuels Anger

The crypto market has been in heavy correction in the past 48 hours. Close to $260 billion has been wiped off the market during this time, leading to frustration for investors.

🚨BREAKING: $257 Billion wiped out from the crypto market cap today. pic.twitter.com/g2kyFpRasp

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— Ash Crypto (@Ashcryptoreal) November 4, 2025

Bitcoin for example crashed below $100,000 for the first time since June, dragging the rest of the market with it as predicted earlier.

The White House’s statement of support therefore seems to have come at the wrong time, thus fueling criticism from the community.

Some commentators went as far as implying that they prefer the Biden administration with Gary Gensler and his strict crypto oversight.

This is what happens when we don't have regulation. I just think if we still had regulation, instead of governmental adoption, then we'd still be doing good. This shit ain't even crypto anymore. Where do we give our privacy to when all of these banking institutions are getting…

— Noble (@visionbynoble) November 4, 2025