President Trump has surrounded himself with cryptocurrency enthusiasts. This is not a coincidence. In 2024, the cryptocurrency industry spent millions supporting amiable congressional candidates, many of whom were Republicans, and many cryptocurrency executives supported Trump. Here, we’ve mapped 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, with a more likeable man at the helm, the industry’s biggest donors want change. They want clear rules for their companies and the ability to decide which agency will oversee those rules. They also want Trump to follow through on his campaign promises by establishing the United States as a leading bitcoin mining power and building a national “Bitcoin stockpile.” They hope that Trump’s presidency will be a golden age for cryptocurrencies. In December, when the price of one bitcoin exceeded $100,000 for the first time, Trump posted online: “Hello!!!”