The First Bitcoin President? Tracing Trump’s Crypto Connections

image via WIRED

January 16, 2025, 11:00 AM

• •President Trump has surrounded himself with crypto enthusiasts.
• •The cryptocurrency industry spent millions backing friendly congressional candidates, many of whom were Republicans.
• •Crypto firms felt mistreated under the Democrats and now, with a more sympathetic man in charge, the industry's largest donors are seeking change.

President Trump has surrounded himself with crypto enthusiasts. The cryptocurrency industry spent millions backing friendly congressional candidates, many of whom were Republicans, and many crypto execs endorsed Trump. Crypto firms felt mistreated under the Democrats and now, with a more sympathetic man in charge, the industry's largest donors are seeking change. They want clear rules for their businesses and a say in which agency polices those rules. And they want Trump to deliver on his campaign promises to cement the US as the foremost bitcoin mining powerhouse and to create a national 'bitcoin stockpile.'

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