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, lots of whom have been Republicans, and plenty of crypto execs endorsed Trump. Right here, we’ve mapped essentially the most crypto-crazed members of the president’s interior circle and the largest donors to 3 pro-crypto tremendous PACs: Fairshake, Defend American Jobs, and Defend Progress.
Crypto corporations felt mistreated below the Democrats. Now, with a extra sympathetic man in cost, the trade’s largest donors are searching for change. They need clear guidelines for his or her companies and a say through which company polices these guidelines. And so they 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 will probably be a golden age for crypto. In December, when the worth of 1 bitcoin vaulted past $100,000 for the primary time, Trump posted on-line, “YOU’RE WELCOME!!!”
