Opinion
By Steve Nicklas, 7-28-25
You don’t have to be a genius to see the differences between the prior administration and the current one when it comes to free enterprise.
Nothing was free under the Biden administration (except if you were an illegal alien). Anything commercial or industrial or professional had strings attached like tenacles. Combined with a suffocating grip of taxes and fees and regulations.
Trump is a genius, at least compared to his predecessor. Instead of regulating cutting-edge, high-tech businesses out of business like the Biden administration, Trump is paving the road ahead with gold bricks. Just look at the GENIUS Act he just signed into law.
While the prior administration sought to control/restrict cryptocurrencies, Trump is applauding and unleashing this groundbreaking technology. Meanwhile, only unbiased journalists are covering these advancements; most of media are not.
“What stood out to me as bookends this week,” said Dagen McDowell of Fox Business, “is you have this artificial intelligence/energy event in western Pennsylvania, and then you have the GENIUS Act to create a framework for stablecoins.
“This isn’t about today, this isn’t about political victories,” McDowell continued, “this is about laying the foundation for the future, for generations in America. And it also reverses what Joe Biden and his cronies did to crush the crypto industry, and to crush artificial intelligence.”
McDowell then relayed what billionaire investor Marc Andreesson was told by “Biden’s handlers” in the White House a year ago. “We’re only going to have two or three AI firms,” Andreesson was reportedly told. “We’re going to tell you. We’re going to regulate you. You will not have any startups, any new AI companies. We will control it — you won’t.”
In contrast, Trump’s announcements are rejuvenating. “This is a complete reversal,” said McDowell about Trump’s actions. “And it’s our future.”
If you’re waiting for objective reports of Trump’s triumphs from the geniuses on CNBC or Bloomberg or in the wavering Wall Street Journal, you have a long wait ahead. The financial media has fallen into an abyss of anti-Trump bias. And it can’t and/or won’t climb out.
During Trump’s innovation summit in Pennsylvania, he announced $90 billion of investments there into data centers, AI infrastructure, and power plants. Even Democrat Sen. John Fetterman of Pennsylvania complimented Trump on bringing lucrative manufacturing to the embattled Quaker State. The summit was held at Carnegie Mellon University.
Three days later, Trump held a signing ceremony for the Genius Act at the White House, calling it an “exciting new frontier.” Genius stands for “Guiding and Establishing National Innovation for U.S. Stablecoins.” Stablecoins are a cryptocurrency that can be pegged to the value of a stable asset, like the U.S. dollar.
AI and cryptocurrencies are the tsunami wave of the future. The race is on between the U.S. and archrival China to lead the way in these vital industries. While his predecessor spurned them, Trump is making them priorities to fortify U.S. commerce and industry.
Again, it doesn’t take a genius to decipher this. A fourth-grade student at Yulee Elementary could.    
Steve Nicklas is an acclaimed financial advisor and award-winning columnist who lives and works in Nassau County. He can be reached at 904-753-0236 or at [email protected].)
The views expressed in this commentary are those of the author and do not necessarily reflect the official position of Citizens Journal Florida
