President Trump has surrounded himself with crypto enthusiasts. This is no coincidence. The cryptocurrency industry spent millions in 2024 supporting friendly congressional candidates, many of whom were Republicans, and many crypto executives supported Trump. Here, we've mapped the most crypto-crazed members of the president's inner circle and the biggest donors to three pro-crypto super PACs: FairShake, Defend American Jobs, and Protect Progress.
Crypto firms felt mistreated under Democrats. Now, with a more sympathetic person in charge, the industry's biggest donors are demanding change. They want clear rules for their businesses and a say in which agency enforces those rules. And they want Trump to fulfill his campaign promise to cement the US as the leading Bitcoin mining powerhouse and create a national “Bitcoin repository.” He expects Trump's presidency to be a golden age for crypto. In December, when the price of a bitcoin exceeded $100,000 for the first time, Trump posted online, “Welcome!!!”