President Trump has surrounded himself with crypto lovers. That’s no coincidence. In 2024 the cryptocurrency trade spent hundreds of thousands backing pleasant congressional candidates, a lot of whom have been Republicans, and plenty of crypto execs endorsed Trump. Right here, we’ve mapped probably the most crypto-crazed members of the president’s internal circle and the most important donors to a few pro-crypto tremendous PACs: Fairshake, Defend American Jobs, and Shield Progress.
Crypto corporations felt mistreated beneath the Democrats. Now, with a extra sympathetic man in cost, the trade’s largest donors are in search of change. They need clear guidelines for his or her companies and a say during which company polices these guidelines. They usually need Trump to ship on his marketing campaign guarantees to cement the US because the foremost bitcoin mining powerhouse and to create a nationwide “bitcoin stockpile.” They hope Trump’s presidency can be a golden age for crypto. In December, when the value of 1 bitcoin vaulted past $100,000 for the primary time, Trump posted on-line, “YOU’RE WELCOME!!!”
