President Trump has surrounded himself with crypto enthusiasts. That's no coincidence. In 2024, the cryptocurrency industry spent millions supporting friendly congressional candidates, many of whom were Republicans, and many crypto execs supported Trump. Here, we've mapped out the most crypto-crazy 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 companies felt mistreated by Democrats. Now, under the leadership of a more sympathetic man, the sector's biggest donors are pushing for change. They want clear rules for their companies and a say in which authority monitors these rules. And they want Trump to make good on his campaign promises to cement the US as the top bitcoin mining powerhouse and create a national “bitcoin supply.” They hope that Trump's presidency will be a golden age for crypto. In December, when the price of one bitcoin rose above $100,000 for the first time, Trump posted online: “YOU'RE WELCOME!!!”
